Presidential Conditional Grant Scheme Portal @ www.fedgrantandloan.gov.ng. Own a small business in Nigeria? The FG’s Presidential Grant is here! Get N50,000 for your nano business (traders, food vendors, artisans, more!). 70% slots for women & youth. Apply now!
Exciting news for Nigerian nano businesses! The Federal Government has launched the Presidential Conditional Grant Programme, offering a N50,000 grant to 1 million businesses across all 774 local government areas.
This initiative is part of the Presidential Palliative Program, aimed at boosting the economy and supporting entrepreneurship.
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Why apply for FG’s Presidential Grant for Nano Businesses?
- Generous grant: Receive N50,000 to invest in your nano business and take it to the next level.
- Wide eligibility: Open to various business types, including traders, food vendors, ICT operators, artisans, creatives, and more.
- Focus on women & youth: 70% of grants are reserved for women and youth entrepreneurs, empowering their economic participation.
- Transparent process: Apply online through a dedicated portal, ensuring fair and accessible application procedures.
Key features of the FG’s Presidential Grant for Nano Businesses:
- Target sectors: Traders, food services, ICT, transportation, creatives, artisans, and more.
- Grant amount: N50,000 per beneficiary.
- Disbursement timeline: Continuous fund disbursement starting December 12th, 2023.
- Eligibility criteria: Own a nano business, have a valid residential/business address in your local government area and provide necessary personal and bank account information.
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How to Apply for Presidential Palliative Program Grant and Loan:
- Visit the official application portal of the Federal Government’s Presidential Grant for Nano Businesses: https://www.fedgrantandloan.gov.ng/
- Create an account or log in if you have one.
- Fill out the application form accurately, providing all required details.
- Submit your application and wait for further communication.
Key Timelines
- N50b Grants for Nano Businesses (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.
- N75b Loans: MSMEs and Manufacturers
Start Date: 10th Oct 2023
Duration: 6 weeks planning, continuous call to entry, revolving fund disbursement from 5th Dec 2023, repayments starting 5th June 2024.
Don’t miss this opportunity to grow your nano business with the FG’s Presidential Grant for Nano Businesses! Apply today and be a part of the Federal Government’s effort to empower Nigerian entrepreneurs.
