Federal Government announces Loan for Small Businesses

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Targets Traders, Artisans, ICT, Creatives Food Service, Transportation in 774 LGAs

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 Programme.

About The Scheme

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 is the business that are eligible to apply to the scheme

  • Traders
  • Artisans
  • ICT
  • Creatives
  • Food Service
  • Transportation

How to apply

Click here for more information and to fill the Grant Scheme Application Form

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

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