ASAD Energy Offers Paid CNG Conversion Internships For Nigerian Youths - - MSME Africa

ASAD Energy Fleet Ltd has opened applications for the first phase of its Compressed Natural Gas (CNG) Conversion Internship Programme, offering 50 young Nigerians practical training and a monthly transport stipend. The company described the initiative as the first paid CNG conversion internship programme offered by a

The grant is open to Nigerian businesses across various sectors, including retail, agriculture, manufacturing, services and software.

Applicants must:

• Operate a business in Nigeria.
• Have paying customers and generate revenue.
• Be registered with the Corporate Affairs Commission (CAC), either as a business name or a limited liability company.

Having a business bank account is not compulsory but may strengthen an application. The account will also be used to receive the grant.

Applicants are required to create a free account on the company’s small-business platform to track their applications.

ProMoat Capital said applicants must provide accurate information and explain how the funding would support business growth rather than cover unrelated personal expenses or bills.

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The programme is designed to support micro, small and medium-sized enterprises (MSMEs) with financing, mentorship and business development opportunities to strengthen their operations and expand.

According to the programme website, selected businesses will benefit from a combination of grant funding and structured loans, alongside digital tools, market access and banking support through Sterling Bank.

The initiative also provides 12 months of business support and mentorship to participating enterprises.

Interested businesses can apply through the ProMoat Capital Drawbridge Grant application portal.

Applicants are required to provide personal and business details, including their CAC registration number, sector, location, monthly revenue and team size.

They must also explain their business operations, target customers and intended use of the funding.

Applications must be submitted on or before November 30, 2026.

The grant provides an opportunity for Nigerian entrepreneurs to access non-dilutive funding to strengthen their operations, expand their customer base and invest in business growth.