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.
Reaching One Million Businesses
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.
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