With several governments around the world starting to loosen COVID-19 lockdown restrictions, SMBs in these economies have begun to resume their in-person operations, although often in a limited manner.

However, financial issues appear to be a sticking point on the road to recovery for all businesses, with cash flow still a problem for SMBs in Nigeria and other countries.

As part of its effort to support small businesses in their economic recovery following COVID-19, Facebook has announced a grant for eligible SMBs in Nigeria. The grant is made up of cash grants and Facebook ad credits and is part of Facebook’s pledge in March earlier this year where it announced a $100 million grant program to help 30,000 small businesses in over 30 countries where its employees live and work, to offer them vital support through the period of uncertainty when things are tough. Where Nigeria is among the listed countries.

According to its remarks “We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19, especially companies that are running cross-border business. We’ve heard that a little financial support can go a long way, so we’re offering USD 100M in cash grants and ad credits to help during this challenging time.”

The Program aim to

  1. Keep your workforce going strong
  2.  Help with rent and operational costs
  3. Connect with more customers and
  4.  Support your community

Up to 30,000 eligible small businesses in more than 30 countries will be able to receive a grant from Facebook. To be eligible to apply, your business must:

  • Have between 2 and 50 employees
  • Have been in business for over a year
  • Have experienced challenges due to COVID-19
  • Be in or near a location where Facebook operates

As at the time of this Post, Registeration is now open for Nigeria. However, Kindly follow this link to Apply Here

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