Promoting youth entrepreneurship in Lagos, Nigeria - SNHU ...

Appendix 10.3: Detailed BudgetS/N Expenses Unit No. of Units Units rate($) Cost (s)1 Human Resource1.1 Training allowance 2 2 30 601.2 Consultancy 1 10 50 5002 Travel2.1 Local travels 10 20 2003 Entertainment3.1 Lunch for participants 15 20 75 1,5004 Stationeries and Supplies4.1 Xerox Papers 2 2 6 124.2 Printing 20 20 0.67 13.45 Sub-total of Direct eligible2285.4cost of action6 Provision for contingency1142.7reserve (maximum 5% of 5,subtotal of direct eligiblecosts of the Action)7 Total Direct cost of3428.1Action8 Administrative cost 7% of2399.67Total Direct cost of Action9 Total cost 5,827.7710 Indirect cost10.1 Expected Group20 20 200 4000contribution10.2 Expected funds from MFI 20 20 1000 20,000Sub- total of Direct eligible24,000cost of action11 Grand Total 29, 827.7798