The Federal Government of Nigeria has released an application portal for its Presidential Conditional Grant for Nano Businesses under the Presidential Palliative Program.
The scheme offers a grant of N50,000.00 per beneficiary, aiming to support one million nano businesses across the 774 local government areas.
The Federal government will collaborate with State Governments, Honourable Ministers, NASME, Senators, and House of Representative Members and will use specific selection criteria to shortlist beneficiaries, prioritizing 70% women and youth, 10% people with disabilities, and 5% senior citizens, with the remaining 15% allocated to other demographics.
Nairametrics had reported earlier that The Minister of Industry, Trade and Investment, Ms Doris Uzok-Anite disclosed this in a statement signed by her.
She explained that the program consists of the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme targeted at manufacturers, SMEs, MSMEs, and businesses.
The statement read,
- “In the Presidential Conditional Grant Programme, the Federal Government will disburse a grant sum of N50,000 to nano businesses across the 774 local government areas.”
- “The Federal Government through the Federal Ministry of Industry, Trade and Investment and Small and Medium Enterprises Development Agency of Nigeria will collaborate with state and local governments, federal legislators, federal ministers, banks, and other stakeholders.”
- “Eligible nano business beneficiaries should be willing to provide proof of residential/business address in their local government area, and provide relevant personal and bank account information, including Bank Verification Number for verification of identity.”
Target Sectors for the Scheme
The following businesses are eligible to apply for the scheme:
- Traders: Single retail marketers, corner shop owners, petty traders, and market men and women in open markets.
- Food Services: Food and vegetable vendors.
- ICT: Business centre operators, battery chargers, recharge card vendors, and call centre agents.
- Transportation: Wheelbarrow pushers and independent dispatch riders.
- Creatives: Makeup artists, fashion designers, and dry cleaners.
- Artisans: Vulcanizers, shoemakers, painters, and repairers.
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.
Apply here
To provide more jobs opportunities
ICT
Thank you all so much for this opportunity
Please information for state and local government in the porter are not displaying
It is a means of helping the poor and needy . A way of reaching out to the unreached
Serious we are happy and we will inform our peoples. Thank
How long does it take to receive the money
Please some of the column can’t be filled. Such as state and L. G. A etc
Thank God for this opportunity
I love this opportunity thank you so.much was
.
It’s All God and am greatful for It
Thank god for this opportunity from this government
Wow! This is a very good relief for the poor and less privileged citizens. We are very much happy. A way of reaching out to the unreached. We will inform our people. Kudos to this program.
I want to be a modernizing new business
This opportunity is good to all people in Nigeria
God will bless
Very Nice It is a good development
Thank God for this opportunity from this government
Transportation
Transportation of good from one place to another
I sincerely love to be a participant
Sole proprietorship
Transportation
Please I can not apply I don’t know what is wrong with the site ooo.
I am local business man, who have lower capital for my usual business, because my parent they are masses, they have not thing can depend which they can proud to help me.
May God to work with this government.
God bless this government, God bless Nigeria.
May God continue to work with this government.
God bless this government,
God bless Nigeria.
It’s a welcome development and a very good move from the FG
For business Capital
May god bless u government and development your time this is very good god bless u Nigeria an good leader.
Thank god this is a good which we can development in Nigeria then young people are stay to good job god bless u Nigeria.
I wan to use it to expand my farming activities in 2024.
Could this be real? Ah, I pray it works o Nigeria don beta be that ooo… I will do my best to make it with any amount granted
thanks you mr presdent
It will really go a long way for us in this country by God Grace. May God bless and strengthen our leaders for this.
It will go a long way for us in this country. May God bless and strengthen our leaders for this. Thank you Federal government.
Nigeria is my country
Thank God for this opportunity
God time is always the best. This is right time to do the right things. God bless Mr Prisident. God bless nigeria…
Thank God for this opportunity,may God take absolutely control in Jesus name
What will l fill in space of business value?
This grant help us alot with our need and more
How can i apply atleast benefit once.
Ineed your help
I want to apply for a grant loan
What is the closing date for the registration
Business
I want apply for farming.
i love Nigeria and i wish the FG should help out in this harsh situation, so to give the good people of Nigeria a good starting come 2024.
thanks to FG
personally, i would have preferred a government hat can get to their so called nano businesses that are associated to a cooperative society or union.this action will make it get to real businesses that are truly in need of the fund to help their business activities.
promoting these kind of gestures through cooperatives, will encourage entrepreneurs and business owners in south east and south south to start seeing the benefits of cooperative activities enjoyed mostly by business owners in south west and northern Nigeria.
Thank you for this opportunity
I WANT TO APPLY NOW BUT THEY SAY THE PORTAL HAS BEEN CLOSED WHAT AM I GOING TO DO NOW SOMEBODY HELP
We are now in a new era.
Thank for this govt
Business is good
God is great
If the program is on going now, How can I fill the form, and if is yet not ready, when will the government release the form?
I’m interested
Please am also interested how can I apply for the loan q
some people have not register, please 🙏 reopen the website so that we can have opportunity to register
I want continue My business but my money is too low how can i help me wihere some money
I wish to apply for the sum of 1.5 million Naira