PRESIDENTIAL CONDITIONAL GRANT LOAN SCHEME AND PALLIATIVE PROGRAM FOR FINANCIAL GROWTH.

The Federal Government of Nigeria is delighted to announce the kickoff of the Presidential Conditional Loan and Grant Scheme to Businesses in Nigeria (including Nano businesses) as part of the Presidential Palliative Program.

A Game-changer in Economic Empowerment.

The Target Sectors for the Scheme
Below are the businesses that are eligible to apply for 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.

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

Artisans
These include wheelbarrow pushers, independent dispatch riders

Beauty
These include makeup artists, fashion designers, drycleaners.

Technicians
These include vulcanizers, shoemakers, painters, repairers.

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.
For more information, visit https://www.fedgrantandloan.gov.ng