Facebook pledges N500m for small businesses in Nigeria

Social media giant, Facebook, has announced a N500 million grant to support 781 small businesses in Nigeria, as part its $100m Global Grants Programme announced earlier this year. The grant aims to support 30,000 small businesses in over 30 countries. The initiative, which is aimed at stimulating economic recovery following the effects of COVID-19, will help empower and extend a lifeline to local small business owners who have been most affected. According to a statement from Facebook, the grants would be administered and managed by Deloitte in partnership with FATE Foundation and Afrigrants. “It will be provided as a combination of cash and ad credits to help small businesses as they rebuild, re-engineer, and recover operations during this challenging year.

“Available to qualifying businesses in Nigeria, applications will be open from August 24, 2020 for the North East, North West and South East regions and August 26, 2020 for the South West, South-South and North Central regions,” it stated. In the recent state of small business report, published by Facebook in partnership with the OECD and the World Bank, the many challenges faced by small businesses during this COVID- 19 crisis were laid bare, specifically with over 37 per cent in Nigeria saying that cash constraint is a concern.

“We know small businesses are the engine of the Nigerian economy, the COVID-19 has extended beyond a public health crisis to an economic emergency, with these small businesses most affected. We’re listening to the challenges these small business owners are facing right now and want to provide useful resources for them during this difficult and uncertain year” said Regional Director, Facebook Africa, Nunu Ntshingila.




Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...




%d bloggers like this:
Fake Richard Mille Replica Watches, The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica