Great News! FG Starts Disbursement of N50,000 Presidential Grant

Government Starts Distributing 50,000 Presidential Conditional Grant

Are you a nano business owner who applied for the Presidential Conditional Grant Scheme (PCGS)?

If you said yes, then we have fantastic news! The Federal Government has begun disbursing the N50,000 grant to successful applicants today.

This program aims to support one million small businesses across all 774 local government areas in Nigeria. The grant provides a much-needed financial boost to help these businesses grow and thrive.

Did You Apply?

Earlier this year, we shared information on how to apply for the PCGS. Many of you took advantage of this incredible opportunity.

N50,000 to Fuel Your Business

The grant amount is N50,000 per beneficiary. This financial injection can be used for various purposes, such as purchasing equipment, investing in inventory, or expanding marketing efforts.

Transparent Selection Process

The Federal Government partnered with various stakeholders to ensure a fair and transparent selection process. These stakeholders included state governments, ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representatives members. They all used the government’s established criteria to shortlist beneficiaries from their constituencies.

As the disbursement process continues, beneficiary information will be updated on the official portal: https://fedgrantandloan.gov.ng. We recommend checking the portal regularly to see if your application status has changed.

Congratulations to All Beneficiaries!

We are thrilled for all the small businesses who will benefit from this program. We wish you continued success in your entrepreneurial journey!

Here are some additional points to remember:

• This grant is specifically for nano businesses, which are typically very small businesses with few or no employees.
• The grant has conditions attached, so it’s important to understand the program’s requirements before using the funds.
• If you have any questions or concerns, you can contact the program administrators through the official website.

FAQs

Who is eligible for the grant?

The grant is for nano businesses across all 774 local government areas in Nigeria.

How much is the grant amount?

The grant amount is N50,000 per beneficiary.

How can I check my application status?

You can check your application status on the official portal: https://fedgrantandloan.gov.ng.