Application for Presidential Conditional Grant/Loan 2023 for Individuals – Get up to 50k

The Federal Government of Nigeria under the supervision of the Federal Ministry of Industry, Trade and Investment, is rolling out two outstanding initiatives – the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme.

The Federal Government of Nigeria is delighted to announce the kickoff of the Presidential Conditional Grant to Nano Businesses as part of the Presidential Palliative Program.

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The grant sum is N50,000.00 (Fifty Thousand Naira) per beneficiary, and it is designed to reach one million nano businesses in the 774 local government areas. 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.

The Target Sectors for the Scheme

Below are the business that are eligible to apply to the scheme

Traders: These include single retail marketers, corner shop owners, petty traders, market men and women in open markets

Food Services: These include food and vegetable Vendors

ICT: These include business centre operators, battery chargers, recharge card vendors, call centre agents

Transportation: These include wheelbarrow pushers, independent dispatch riders

Creatives: These include makeup artists, fashion designers, drycleaners.

Artisans: These include vulcanizers, shoemakers, painters, repairers.

Activities

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.

Requirement for the Grant

1. Full Name
2. Phone number
3. Bank Details
4. BVN
5. Date of Birth
6. Account no
7. Business & Grant Details
8. Business Type/Sector
9. Business Value

How to apply

To apply for the Presidential Conditional Grant Programme

Kindly visit: https://grant.fedgrantandloan.gov.ng/apply

Fill all the required details and submit