Apply: Presidential Conditional Grant Scheme N50k Grant For Nano Businesses In Nigeria
The federal government has announced the commencement of the Presidential Conditional Grant Scheme(PCGS) for all Nano businesses in Nigeria as part of the Presidential Palliative Program.
The grant sum which is N50,000 Naira will be sent to millions of Nano business owners across the 774 Local governement areas in the country.
The Federal Government will collaborate with the State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members, who will use the Federal Government’s selection criteria below to shortlist the beneficiaries from their constituents.
The target beneficiaries are 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is distributed to other demographics.
Target Sector For The Grant Scheme
The Presidential Conditional Grant Scheme will target nano businesses in the following categories;
- Trader
- Transportation
- Food Services
- ICT
- Creatives and
- Artisans
Grant Time Line
The N50b grants for Nano Businesses will run for 3 Months
Start Date: 10th Oct 2023
Duration: 6 weeks planning, 3 weeks official communication, 6 weeks verification, continuous fund disbursement from 12th Dec 2023 till the deadline.
Apply: Presidential Conditional Grant Scheme
To submit your application for the grant now, visit the official website at https://grant.fedgrantandloan.gov.ng/ before the application closes.
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