Frequently Asked Questions

Q: Who will GEM fund to provide the initiatives listed above?

Both public and private sector organisations will be funded although greater emphasis will be placed on funding private sector initiatives.

Q: Who will be eligible to access the funds?

Only businesses with appropriate company registration will be eligible to access funds. Individuals will not be funded.

Q: What are the criteria for accessing the funds?

Criteria for accessing the funds will be published when the applications process opens.

Q: How will the GEM project be delivered?

A Project Implementation Unit (PIU) has been set up and is fully functional at the Ministry of Industry Trade and Investment at the Old Federal Secretariat Secretariat in Abuja. The PIU will work with sector specialists, private contractors and sector stakeholders to deliver the interventions.

Q: What methodology will the GEM Project Use?

The GEM project will be implemented through the Cluster Development approach. A business cluster is a geographic concentration of related businesses, suppliers, and associated institutions in a particular field. The cluster approach is used to promote economic development by improving the competitiveness of one or several specific business sectors within the cluster. The approach is delivered by comprehensively assessing a cluster’s markets, products, linkages, externalities, and synergies in order to identify regulatory and business constraints with a view to designing and implementing initiatives that address the challenges, tap new and wider market opportunities, and develop sound business strategies to tackle the clusters’ main competitors.

Q: What is GEM?

The Growth and Employment Project GEM, is a project set up through 160 million US Dollars financing received from the World Bank by the Federal Government of Nigeria to:

  • Improve investment climate
  • Increase competitiveness of strategic clusters
  • Sustainably increase number of jobs
  • Provide economic diversification

Q: How can my company access funds?

Companies will access funds through an application process that will require applicants to provide details of their company and the proposal they want funded.

Q: Why will the project decide what to fund? Why can’t we decide what we want?

The project will not unilaterally determine what to fund. As part of the exercise, an Industry Cluster Group comprising stakeholders in each sector will be formed to provide input into project areas of focus.

Q: What is the GEM project trying to achieve?

The GEM project aims to:

  •  Improve investment climate
  • Increase competitiveness of strategic clusters
  • Sustainably increase number of jobs
  • Provide economic diversification

Q: How will the GEM Project Support the selected sectors?

The GEM project will support the selected sectors through two broad classes of inputs as follows:

  • Technical Assistance to finance common / public goods’ like training programs and easing access to information, equipment etc. In summary this strand will fund items that will offer industry – wide benefit. The implementation of activities under this strand has commenced. A key activity under this area is through Business Development Support (BDS) by BDS providers across Nigeria funded by the project. You can register for BDS support by logging on to
  • Grants and support to firms for firm level innovation e.g. new business models, new ways of working, new products etc. in summary, this strand will fund items that offer firm level benefit. These will be implemented through an open grant platform in line with articulated criteria.
The implementation of activities under this strand will commence in Q4 2015 and will have 2 or 3 grant windows each year, which will be widely publicised through sector networks and the media.

Q: What Sectors Will the GEM Project Focus on?

This phase of the project is working in the Construction, Information / Communication Technology (ICT), Entertainment, Hospitality/Tourism and Light Manufacturing sectors. An earlier strand of the project (financed by the UK Department for International Development DFID) focused on meat and leather, wholesale and retail, business environment and the construction and real estate sectors.

Q: What is the duration of the GEM Project?

The project became effective on 29 July 2013 with an extended closing date of September 2018.

Q: When can we access the funds?

Applications for funding will likely open in Q4 2015