Federal Government Presidential Grant & Loan Application Portal for Nigerians
The link portal provided in this article below would enable you apply for the FG Presidential Grant and Loan exercise that is currently ongoing for all Nigerians and citizens to apply for. All you need to apply or register successfully are all contained in this article.
About the Presidential Conditional Grant to Nano Businesses
The Federal Government of Nigeria has announced the kickoff of the Presidential Conditional Grant to Nano Businesses as part of the Presidential Palliative Program.
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.
How to Apply for Presidential Conditional Grant Scheme (PCGS) Loan/Grant
Nano businesses will receive an N50,000 grant, while MSMEs & manufacturers will access loans up to N1 million & N1 Billion respectively.
Interested and qualified applicants should apply via the official portal.
In conclusion, the Federal Government is working towards providing financial support to nano businesses and entrepreneurs to mitigate the effects of the fuel subsidy removal. Interested applicants are encouraged to apply for the Presidential Grant and Loan through the official portal for a chance to receive financial assistance.
