Tony Elumelu Foundation Method of Disbursements

1 – How Can My Business Qualify For Funding?

Upon completion of the 12-week Start-up Enterprise Toolkit (learning) programme, certification of submitted business plan, provision of required documentation, business bank account, among other requirements, entrepreneurs will qualify for the first stage non-refundable seed capital of $5,000 (terms and conditions apply).

2 – What Funding Options Are Available?

Tony Elumelu Entrepreneurs who successfully complete the programme by meeting stipulated requirements and deadlines will be eligible for funding. There are two stages of funding available to entrepreneurs:

First stage seed capital funding of $5,000 (based on the official Central Bank of Nigeria exchange rate) – a non-returnable investment.  Please see Terms and Conditions for clarification.
Second stage capital returnable investment – entrepreneurs will apply and be considered for this based on the viability of their business.

3 – Is The Initial Seed Capital Amount A Fixed Sum?

Yes. The initial seed capital funding is fixed at $5,000.

4 – How Will The Funds Be Dispersed?

The funds will be wired directly into the entrepreneur’s business bank account – personal accounts are not permissible.  For those in UBA countries, the business account must be opened with UBA.

Official Registration Portal For tony Elumeu Foundation 2022:

www.tefconnect.com.

Visit www.newsjotter.com for more Information On Tony Elumelu Foundation

Visit www.newsjotter.com to apply for other empowerment opportunities 2022