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Financial institution earmarks N20M as research grants for varsity students

By Amidu Arije

A leading Microfinance institution in Nigeria, Grooming Centre, has earmarked the sum of N20million to be disbursed to 150 students in universities as a research grant under its scheme termed “2020 Grooming Centre University Grant Scheme”.

According to the financial institution, N100, 000 will be given to 100 undergraduates while N200,000 will be for 50 post graduates students in various universities across the country.

Speaking on the scheme, the project coordinator and head of New Initiatives at Grooming Centre, Mr. Chikezie Egbulefu said the scheme, which is the second in the series, is designed to catalyze research and knowledge development in the areas of microfinance, rural development, inclusive finance, social enterprise, MSME and women in development in the country.

According to him, the 2020 University Grant would be awarded to 100 undergraduate and 50 post graduate students who are presently carrying out their research studies in the areas of microfinance, rural development, inclusive finance, social enterprise, MSME and or women in development.

The project, which is managed by the Center for Research in Enterprise and Action in Management (CREM), will focus on and encourage research whose findings have potentials to enhance the growth of the Nigerian economy post-COVID-19 and contribute to general human development.

Explaining the requirements to qualify for consideration under the scheme, Mr. Alex Ajibo, who heads a technical committee set up to operationalise the project, said a participant must be either a student at the postgraduate or undergraduate level in Nigerian tertiary institution.

Furthermore, he said such a student must be carrying out research on a topic that is relevant to the areas earlier listed.

He explained that when the portal for submission of research works opens on September 30, 2020, the applicants must submit their entries through the company’s email: latest October 8, 2020.

Ajibo further listed other conditions for qualifying to apply for the award to include rel3vance of the reserach to Nigeria content
He said: “The focus of the research study must be relevant to the Nigerian context, practical, innovative and should be capable of promoting any of the above areas of interest in Nigeria. The research must show a high level of originality, imaginative thought and be data inclusive. The applicant must be a student at an approved Nigeria university or polytechnic.

“The applicant must submit a written recommendation from his/her project supervisor and submit a research proposal of not less than 25 pages which should include an introduction, a literature review, and research methodology along with candidate’s personal profile.“

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