Nigerian Government Launches N50,000 Presidential Conditional Grant and Palliative Loan Scheme

The Nigerian Government announces the launch of the N50,000 Presidential Conditional Grant and Palliative Loan Scheme, a game-changer for entrepreneurs, including Nano businesses, under the Presidential Palliative Program. The Federal Government recently announced the kickoff of the Presidential Conditional Grant Scheme (PCGS) to Nano Businesses across Nigeria as part of the Presidential Palliative Program.

Presidential Palliative Programmes – Loans for MSMEs and Manufacturers

– Amount: N75 billion
– Sectors: Traders, Food Services, ICT, Transportation, Creatives, and Artisans

The grant sum, according to the FG 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 across the nation.

The Federal Government said it will collaborate with the State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators and House of Representatives members, who will use some selection criteria to shortlist the beneficiaries from their constituents.

Presidential Conditional Grant Scheme (PCGS)

– Amount: N50,000 per beneficiary
– Target: One million nano businesses across 774 local government areas
– Sectors: Traders, Food Services, ICT, Transportation, Creatives, and Artisans

How to apply for Presidential Conditional Grant Scheme 2023

Interested and qualified candidates have been directed to visit to apply for the Presidential Conditional Grant Scheme.

For more information, they have also been directed to visit with the FG setting an application deadline of Monday, 18th December, 2023.