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The Letter of Intent for Grants is a crucial preliminary document in the Nigerian grant-making process, typically used when a funding organization has identified a potential grantee but needs to establish initial terms before proceeding with a formal agreement. This document type is particularly relevant in contexts where detailed due diligence and complex negotiations may be required before finalizing the grant. While non-binding, it serves as an important tool for documenting the proposed terms, conditions, and expectations of both parties. The letter must align with Nigerian legal requirements, including compliance with the Central Bank of Nigeria's regulations on financial transactions and grant funding. It's commonly used by both domestic and international organizations operating in Nigeria, especially when significant funding or complex projects are involved.

1. Sender and Recipient Details: Complete contact information for both the grantor organization and the intended recipient

2. Date: The effective date of the letter of intent

3. Subject Line: Clear indication that this is a Letter of Intent for Grant Funding

4. Introduction: Brief introduction of the grantor organization and their grant-making program

5. Project Overview: Summary of the project or initiative for which grant funding is being considered

6. Intended Grant Amount: Specification of the proposed grant amount and any relevant currency details

7. Purpose and Use of Funds: Detailed description of how the grant funds are intended to be used

8. Timeline: Proposed timeline for both the grant approval process and the project implementation

9. Key Conditions: Essential conditions that must be met before proceeding with the formal grant agreement

10. Next Steps: Outline of the process moving forward towards the formal grant agreement

11. Non-Binding Statement: Clear statement that this letter of intent is not legally binding

12. Closing and Signatures: Formal closing, including spaces for authorized signatures from both parties