Drawbridge Grant for Nigerian Businesses: ₦1 Million Award, Apply by 30 November 2026

Applications are open for the Drawbridge Grant's January 2027 cohort, according to ProMoat Capital's official page checked on 5 November 2026. The stated deadline is 30 November 2026. Two businesses are to receive ₦1 million and ₦500,000 respectively.

The opportunity at a glance

These are the organiser's published terms, rather than a guarantee from Creda. Recheck the official page before submitting because cohort arrangements may change.

Who can apply?

The programme targets businesses with paying customers and CAC registration, across sectors in Nigeria. Its terms require an applicant aged at least 18 who is authorised to represent the business, and allow one application per business per cohort.

A business bank account is preferred rather than compulsory at application. The terms permit payment into an account in the business's or applicant's name. Confirm the actual payment and verification requirements with the organiser if shortlisted.

What happens after applying?

The published sequence is application review and initial interviews in December, followed by final interviews and awards in January 2027. The organiser says a pitch deck or separate business-plan document is not required for the initial form.

Shortlisting and selection remain discretionary. Submitting the form does not create an entitlement to an interview, response or award.

Read the platform and information conditions

The application includes creation of a free small-business-platform account. The form references Habaqa's terms and privacy policy alongside the grant terms. Review all three before agreeing.

The organiser may verify the information supplied and announce selected winners. Its terms also describe application emails and optional programme or product updates. Decide whether those conditions suit you before submitting personal and business information.

Creda is reporting this opportunity independently and does not run the scheme, select winners or guarantee payment.

How to apply through the official route

1. Open ProMoat Capital's Drawbridge Grant page.

2. Read the current cohort details and grant terms.

3. Use the application form on that page and provide the requested business and contact information.

4. Review the revenue, customer and use-of-funds answers for accuracy.

5. Submit through the official form and retain any confirmation or reference provided.

Do not send your application or banking credentials to Creda as a substitute for the organiser's process. The published terms say no payment is required to apply, be shortlisted or win.

Prepare a useful use-of-funds answer

Before filling the form, write a short explanation of the problem the grant would address. Identify the purchase or action, its estimated cost, the timing and the business result you expect.

For example, a small producer might compare the cost of a specific machine with the current production bottleneck. Label the expected benefit as an estimate and support the cost with a genuine quotation. This is a preparation example, not a claim about the organiser's scoring system.

Use actual sales records when describing revenue. Explain the business in plain language and distinguish current results from future plans. Do not inflate customer numbers or invent employment outcomes.

If your paperwork needs attention, the post-registration checklist helps organise the records. Optional Creda business advisory support is separate from this free grant application and does not improve access to the selection team.

Frequently asked questions

Is the Drawbridge Grant still open?

The official application page was accepting applications when checked on 5 November 2026 and lists 30 November 2026 as the deadline. Check it again immediately before applying.

Will every eligible applicant receive ₦1 million?

No. The published cohort has two awards of different amounts, and selection is discretionary.

Is it a loan or an equity investment?

The organiser describes the awards as grants with no repayment and no equity taken. Any later investment discussion is separate; read its own terms if one is offered.

Do I need to pay an agent?

No. Use the free official application. No intermediary can promise selection.

Apply with accurate information

If the published conditions fit your business, read the official details and apply before 30 November 2026. Allow time to review the terms and your answers rather than waiting for the final day.

Sources

• ProMoat Capital: Drawbridge Grant, January 2027 cohort and application form.

• ProMoat Capital: grant terms, updated 18 September 2026.

Open status and terms checked on 5 November 2026. Availability may change; the organiser's current notice controls.