Apply for the ongoing FG N50k Grant! The Presidential Conditional Grant and Loan for Nano Businesses, a fundamental piece of the Presidential Palliative Program, has authoritatively started, and the Nigerian Federal Government is glad to report. The Nigerian federal government executed a progressive program called Economic Empowerment to help businesses in every one of the 774 local governments because of the critical economic circumstances confronting the country.
The objective of the grant, which is expected to help 1,000,000 nanobusinesses all through the 774 local government areas, is N50,000.00 (50,000 Naira) per member. State governments, honorable ministers, senators, members of the House of Representatives, NASME (Nigerian Association of Small and Medium Enterprises), and others will cooperate with the national government.
These associations will pick and waitlist recipients from among their electorate, utilizing the National Government’s recorded determination rules. The interest group is comprised of 5% senior people, 10% individuals with weaknesses, and 70% ladies and youngsters. Other segment groupings will get the excess 15%.
Grant eligibility requirements
- Own a small business with growth potential.
- Demonstrate readiness to add at least one employee in case of employee turnover.
- Provide documentation of residential or business addresses within the local government area.
- Provide the necessary bank account, personal information, and bank verification number (BVN) for identification verification.
- Ensure the application submission deadline is met.
Loan Scheme: Targeted Sectors:
- Traders
- Food Services
- ICT
- Transportation
- Creative
- Artists
Apply for the ongoing FG N50k Grant! Application Process
- Apply through the website.
- Bank disbursement is based on eligibility criteria.
Read more on Apply now for the N1 million Presidential Palliative Loan!
