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Applications for Grants is currently closed

Presidential Conditional
Grant Scheme (PCGS)

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 Program.
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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 are the business that are eligible to apply to the scheme

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Traders

These include single retail marketers, corner shop owners, petty traders, market men and women in open markets

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Food Services

These include food and vegetable Vendors

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ICT

These include business centre operators, battery chargers, recharge card vendors, call centre agents

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Transportation

These include wheelbarrow pushers, independent dispatch riders

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Creatives

These include makeup artists, fashion designers, drycleaners.

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Artisans

These include vulcanizers, shoemakers, painters, repairers.

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Grant Eligibility Criteria

  • Own a nano business.
  • Operate a business with progressive economic potential, and desire to grow the business.
  • Be willing to engage at least one additional staff member if turnover increases
  • Be willing to provide proof of residential/business address in the Local Government Area
  • Provide relevant personal and bank account information, including Bank Verification, (BVN) for verification of identity
  • Meet application submission deadline which is 2023-12-18

Frequently Asked Questions

A nano business is a very small-scale business entity, often operated by a single individual or a small team, and typically characterized by its limited size and scope.

A Nano business has asset value of value <1m and less than 4 employees with annual turnover <1m.

Activities

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.

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Beneficiaries

Eligible beneficiaries who meet all the selection criteria are enjoined to reach out to their representatives for shortlisting.

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