Applications for Grants is currently closed
Presidential Conditional
Grant Scheme (PCGS)
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
Traders
These include single retail marketers, corner shop owners, petty traders, market men and women in open markets
Food Services
These include food and vegetable Vendors
ICT
These include business centre operators, battery chargers, recharge card vendors, call centre agents
Transportation
These include wheelbarrow pushers, independent dispatch riders
Creatives
These include makeup artists, fashion designers, drycleaners.
Artisans
These include vulcanizers, shoemakers, painters, repairers.
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 and National Identification Number (NIN)
Frequently Asked Questions
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.
Beneficiaries
Eligible beneficiaries who meet all the selection criteria are enjoined to reach out to their representatives for shortlisting.