One million businesses about to receive grants and loans . The federal government of Nigeria introduces two main programs called Presidential palliative grant and presidential palliative loan. Information below
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The Nigerian Federal Government is excited to introduce the Presidential Conditional Grant for Nano Businesses, a vital component of the Presidential Palliative Program. Under this initiative, eligible recipients will receive a grant of N50,000.00 (Fifty Thousand Naira), with the aim of assisting one million nano businesses across the 774 local government areas.
Collaborating with State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members, the Federal Government will utilize specific selection criteria to identify beneficiaries within their constituencies.
The scheme targets 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is allocated to other demographics.
Businesses eligible for the scheme encompass various sectors:
- Traders: Single retail marketers, corner shop owners, petty traders, and market men and women.
- Food Services: Including food and vegetable vendors.
- ICT: Business center operators, battery chargers, recharge card vendors, and call center agents.
- Transportation: Wheelbarrow pushers and independent dispatch riders.
- Creatives: Makeup artists, fashion designers, and dry cleaners.
- Artisans: Vulcanizers, shoemakers, painters, and repairers.
The Federal Government, in conjunction with other stakeholders, will employ the outlined selection criteria to shortlist beneficiaries. The timeline for the scheme includes a 6-week planning phase, 3 weeks of official communication, and 6 weeks of verification, with fund disbursement starting on 12th Dec 2023.
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Additionally, the government is earmarking N75 billion for loans targeting MSMEs and manufacturers. The timeline for this initiative involves a 6-week planning phase, continuous call to entry, revolving fund disbursement from 5th Dec 2023, and repayments commencing on 5th June 2024.
HOW TO APPLY PRESIDENTIAL CONDITIONAL GRANT PROGRAM
To apply for the loan CLICK HERE
To apply for the grant , CLICK HERE
To apply for other Federal government empowerments programme, CLICK HERE
![](https://okpara.ng/wp-content/uploads/2023/12/Screenshot_20231205-160512-778x1024.jpg)
TO APPLY FOR 25K MONTHLY CONDITIONAL CASH TRANSFER, CLICK HERE
19 Comments
BISONG ANGELA
December 5, 2023 at 8:31 pmIan a caterer and I have a small shop iam managing.
Oloruntuyi olawale Johnson
December 6, 2023 at 8:29 pmThanks you soo much
Esther Davis akpan
December 8, 2023 at 10:32 amAm a stylist
MUHAMMAD ALH. UTHMAN
December 5, 2023 at 8:59 pmPERLATIVE
Anyasodo chizzy
December 6, 2023 at 7:21 amPalliative
Thanks
Harrison Phoebe o
December 7, 2023 at 4:12 amApply for presidential palliative. Thanks
Elijah Iniobong Samuel
December 14, 2023 at 6:37 amMoney to start up a business
Odunayo
December 7, 2023 at 5:35 amThe site does not show all the fields to be fill and the closing date is near
Chinenye Valerie Udekwe
December 7, 2023 at 11:08 pmNice work
Chinenye Valerie Udekwe
December 7, 2023 at 11:09 pmFaith full God
Omenka Ebere
December 8, 2023 at 7:12 amHow do we apply? No where to apply
Queeneth Michael itabe
December 8, 2023 at 11:18 pmMoney to start up a business
Ndifon Rose Richard
December 9, 2023 at 3:54 pmGod bless you Mr President
Odunbunmi Martins
December 9, 2023 at 10:03 pmI need the loan to upgrade my business.
Great Chinedu Michael
December 14, 2023 at 6:25 amMoney to upgrade my business
Alor Benard Obinna
December 14, 2023 at 1:21 pmI need loan, so as to start up my registered business
Prosper osazee
April 4, 2024 at 1:19 pmMoney to support my business
Prosper osazee
April 4, 2024 at 1:28 pmI need money to support my business thanks
Prosper osazee
April 4, 2024 at 1:30 pmI need money to support my business thanks