Presidential Palliative Loan 2023 Begins Disbursement: Get N1 to N10M without Collateral

Presidential Palliative Loan 2023 has began and loan is currently being disbursed, applicants who applied and have not yet receive their loans should wait patiently to get disbursed as payment is being made in batches.

Interested persons should visit https://www.fedgrantandloan.gov.ng/ to apply

The Presidential Palliative Loan is given to those who are into asset or manufacturing business, however, a grant of N50,000 to N1,000,000 is also given to small and medium enterprise, these include individuals who manage and run any of the following services.

• 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.

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.