Are you struggling financially? Need help growing your business? This could be the answer you’ve been waiting for!
Here’s what you can get:
- Free grants of N50,000 for small businesses in all 774 local government areas.
- Low-interest loans for micro, small, and medium-sized businesses (MSMEs) and manufacturers.
- No strings attached! Just apply and see if you qualify.
Don’t miss out on this incredible opportunity!
Revolutionizing financial support for businesses and individuals across Nigeria, the Presidential Palliative Programme (PPP) is a game-changer in economic empowerment.
Who is eligible?
The PPP targets a wide range of businesses, including:
Traders: Single retail marketers, corner shop owners, petty traders, market men and women.
Food Services: Food vendors, fruit and vegetable vendors, etc.
ICT: Business center operators, battery chargers, recharge card vendors, call center agents.
Transportation: Wheelbarrow pushers, independent dispatch riders.
Creatives: Makeup artists, fashion designers, dry cleaners.
Artisans: Vulcanizers, shoemakers, painters,
repairers.
Micro, Small and Medium-sized Enterprises (MSMEs) across various sectors.
Manufacturers.
N50 Billion Grants for Nano Businesses:
Start Date: October 10th, 2023
Duration:
- Six weeks for planning
- Three weeks for official communication
- Six weeks for verification
Continuous fund disbursement starting December 12th, 2023
N75 Billion Loans for MSMEs and Manufacturers:
Start Date: October 10th, 2023
Duration:
- Six weeks for planning
- Continuous call for entries
Revolving fund disbursement starting December 5th, 2023
Repayments starting June 5th, 2024
Financial Assistance Programs:
The PPP continues to offer two types of financial assistance:
Presidential Conditional Grant Programme: This program provides a one-time grant of N50,000 to eligible nano businesses across all 774 local government areas in Nigeria.
Presidential Palliative Loan Programme: This program offers loans with a 9% per annum interest rate to micro, small, and medium-sized enterprises (MSMEs) and manufacturers. The loan amount and tenor vary depending on the business type and purpose.
The Presidential Palliative Programme: A Comprehensive Guide with Updated Deadlines
Empowering Businesses and Transforming Lives in Nigeria
The Presidential Palliative Programme (PPP) remains a significant initiative launched by the Nigerian government to provide financial support to businesses and individuals impacted by the fuel subsidy removal. Aiming to revolutionize financial support by offering affordable loans and grants, this program continues to contribute to economic growth and improve lives throughout the country.
Eligibility Criteria:
- To be eligible for the PPP, businesses must meet the following criteria:
- Be registered with the Corporate Affairs Commission (CAC) or relevant regulatory bodies.
- Have a valid Bank Verification Number (BVN).
- Operate within the targeted sectors.
- Demonstrate a clear need for financial assistance.
- Meet specific financial and operational requirements.
How to access the loan:
Apply online: Visit the website by clicking here and complete the application form.
Eligibility assessment: Your application will be assessed based on the criteria outlined on the website.
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