The Federal Government of Nigeria has relaunched the application portal for the Presidential Conditional Grant to Nano Businesses, as part of the Presidential Palliative Program.
Let’s delve into the details of this initiative.
Grant Details
- Grant Amount: N50,000.00 (Fifty Thousand Naira) per beneficiary.
- Objective: To reach one million nano businesses across the 774 local government areas.
- Collaborators: The Federal Government will collaborate with State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members.
Target Beneficiaries
The grant aims to support the following groups:
- 70% Women and Youth
- 10% People with Disabilities
- 5% Senior Citizens
- 15% Other Demographics
Understanding Nano Businesses
Nano businesses are characterized by:
- Tiny Size: Often run by just one person or a small family.
- Local Hero: Despite their size, they play a significant role in communities.
- Backbone of Nigeria’s Economy: They contribute significantly to the country’s growth.
- Family Affair: Many nano businesses are family-run, fostering community ties.
Eligible Business Types
Several business categories qualify for the grant, including:
- Traders
- Food Services
- ICT
- Transportation
- Creatives
- Artisans
Application Process
The application process is expected to be online. While the specific website address isn’t provided, applicants should watch out for official government announcements for the application link.
Seeking More Information?
Stay updated with announcements from the Nigerian government regarding the application process and website. Additionally, you can reach out to your local representatives or the Nigerian Association of Small and Medium Enterprises (NASME) for further details.
FAQs
Q: How much is the grant amount? A: The grant amount is N50,000 (fifty thousand Naira).
Q: Who can apply for the grant? A: Priority is given to women and youth (70%), people with disabilities (10%), senior citizens (5%), with the remaining 15% open to other demographics.
Q: What types of businesses are eligible? A: Various small business types qualify, including traders, food vendors, ICT businesses, transportation providers, creative businesses, and artisans.
Q: Where can I get more information? A: Stay tuned for government updates or contact local representatives or NASME for assistance.