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2019 BEA Awards for Nigerian Students – What you need to know

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Every year, the Federal Ministry of Education accepts applications for BEA scholarships. The Bilateral Education Agreement Scholarship is available for individuals intending to study abroad. To be eligible, each individual must meet required criteria.
 
Scholarships are awarded for following fields of study:
  1. Undergraduate level – Agriculture, Architecture, Biotechnology, Engineering, Environmental Sciences, Geology, Languages, Law, Mathematics, Medicine (very limited), Sciences, Social Sciences, Sports
  2. Postgraduate level (Masters Degree and Ph.D) in all fields.
Eligibility
Candidates must meet the following criteria to be eligible for the scholarship:
Undergraduate Scholarships
All candidates for undergraduate courses must have at least Five (5) Distinctions in WAEC (May / June) only in subjects related to their fields of study, including English and Mathematics. Certificates should not be more than two (2) years old. Age limit is from 18 to 20 years.
Postgraduate Scholarships
  • All candidates for postgraduate degree courses must hold a First Class (1st Degree with at least 2nd Class Upper Division)
  • Candidates who are previous recipients of Foreign Awards must have completed at least two (2) years post qualification or employment practice in Nigeria
  • All applicants must have completed N.Y.S.C
  • Age limit is 35 years for Masters and 40 years for Ph.D and only:
1.) N.Y.S.C discharge or exemption certificates are acceptable
2.) Evidence of readiness to be released by the employer.
 
Host Nationality:
The bilateral scholarship is to be taken abroad in any of the below listed countries:
 
  1. Undergraduate (UG) studies is tenable in Russia, Morocco, Algeria, Serbia, Hungary, Egypt, Turkey, Cuba, Romania, Ukraine, Japan, Macedonia
  2. Postgraduate (PG) studies is tenable in Russia (for those who obtained first degrees from Russia), China, Hungary, Serbia, Turkey, Japan, Mexico, South Korea)
Eligible Nationality:
The BEA awards scholarship is open to Nigerian citizens only or international students residing in the country
NOTE:
1) BEA countries are non-English speaking, applicants should prepare to undertake a mandatory one-year foreign language course of the country of choice which will be the standard medium of instruction.
 
2) Japan applicants must have a very strong background in further mathematics.
 
3) The required certificates for candidates applying for Iman Preachers and Quaranic Professor for Islamic Religious studies in Algeria is WAEC as in other scholarship awards.
 
4) All applicants for the Hungarian Scholarship can apply for up to two fields of study in order of preference.
 
5) All applicants for Hungarian Scholarships must visit the website: www.stipendiumhungaricum.hu when the dates are out to complete application.
 
6) Complete the application form online.
 
Print the completed form and bring to the interview venue.
Currently, applications for 2020 BEA scholarship is not open. The Federal Government (FG) Bilateral for Education Awards Application procedures for 2020 shall be updated in this page. Keep checking for updates.
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2019 KPMG Admission Scholarships into Nigerian Federal Universities

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KPMG, a top global tax, auditing and advisory services organization developed a program to sponsor selected candidates through their tertiary education. 

Per the KMPG website, see further information below 

Eligibility Criteria

Candidates must meet the following criteria:

  • Have completed their secondary education at a state-owned Government school within the last 2 years.
  • A minimum of 5 Distinctions (As & Bs) from their WASSCE (including English and Mathematics).
  • A minimum score of 230 in the Unified Tertiary Matriculation Examination (UTME).
  • Already have an admission letter or a provisional letter of admission to a federal university in Nigeria.

How to Apply

Send an email to NG-FMKPMGScholarship@ng.kpmg.com with the following details: Name, Residential Address, E-mail Address, Phone Number.

Also attach the following documents in a zipped folder:

  • WASSCE Certificate
  • UTME Result Slip
  • JAMB Result Slip
  • Provisional Letter of Admission/Letter of Admission to a Federal University in Nigeria
  • Birth Certificate
  • Certificate of Origin

Kindly state the code KSP2019 in the subject of the email.

*The deadline for application is 25th October 2019

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Need Funding? Discover funding category applicable to your business

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If you’re an entrepreneur and ever wondered types of funding you should target for you business, the first step would be to identify the stage your business falls into. Assuming you already know that, the next step is to to look at funding options available to you. Below is a list of funding sources applicable to different stages of a business venture: 

Idea stage: Many entrepreneurs belong in this category. This group aspire to start a business or want to switch over from paid employment to entrepreneurship.

Idea stages are characterized by 

  • Only idea for product or service exists
  • Product or service is not yet validated

Idea stage business sources of raising capital include bootstrapping, friends and family, partnerships, angel investors, incubators, business plan competitions, charities and foundations, government programs, upfront payments and private placement. 

 

Start-up stage: Businesses in this are operational and have validated their product or service.

Start up stages are characterized by 

  • Initial sales of product already achieved
  • Customer base is small
  • Business is in survival mode
  • Requires funding to stay alive and gain traction

Start-up stage business sources of raising capital include bootstrapping, friends and family, partnerships, angel investors, incubators, business plan competitions, charities and foundations, government programs, international development funds, early stage venture capital firms, crowd funding, upfront payments and private placement. 

 

Growth stage:  In this stage, business traction is well established, market demand for product or service is growing at a gradual pace.  

Growth stages are characterized by 

  • Increasing number of customers
  • Growing customer base
  • Need funding to increase size and capacity
  • Typically profitable 

Growth stage businesses usually raise capital from partnerships, VCs, Angel Investors, Development Funds, Private Equity, Government programs, Banks, Private placement, Charities and organizations.

 

Mature stage:  Business organizations in this category typically do not look for funding unless they require funds to diversify into new markets or industry. Mature stage businesses have sufficient capital through their well established operations.

Mature stage businesses are characterized by

  • large and loyal customer base
  • Average and predictable sales growth
  • product saturation in market

Mature stage businesses can raise capital if they require, through banks. private equity, international development funds, private placement and IPO.

Now you have a clearer idea about suitable funding sources for your business, you are able to make informed targeting decisions when it’s time to raise that capital for your business.

     

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