With this in mind, the March 8th Initiative was launched in 2020 in honor of Nigeria’s Vice President Prof. Yemi Osinbajo, SAN, GCON, in a bid to support and further fuel the entrepreneurship industry in the country. Created by well-meaning Nigerians who share in the Vice President’s passion for MSMEs in commemoration of his birthday, the grant offers one-off business grants to young Nigerians seeking opportunities to start or expand on their innovative business ideas. For its second edition, the initiative was reorganized into 4 categories this year to provide more opportunities for young Nigerian entrepreneurs between 18 and 35 years. The call for application was made on March 8th, 2021 with entrants being called on through public advertisements to submit applications for grants ranging from N100, 000 to N1,000,000, and covering varying stages of small business growth. To qualify, applicants who own and run Nigerian businesses were mandated to submit a one-page proposal that would in explicit detail, explain how they intend to use the prize money to expand their current businesses.