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The Federal Government’s Conditional Grant and Loan for Businesses

Grant and Loan
  The Federal Government of Nigeria, through the Ministry of Industry, Trade and Investment, has initiated loan and grant programs for businesses in the country. These initiatives are the Presidential Conditional Grant Program for nano businesses and the Presidential Palliative Loan Program for MSMEs. Government representatives say that these programs are designed to protect enterprises in Nigeria from the negative effects of the petroleum subsidy removal.
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Publicly available information concerning the loan and grant programs indicates that 70% of its beneficiaries will be women and youth, and 10% people living with disabilities. About 5% will be senior citizens, and 15% will be disbursed to persons in other relevant demographics.

Who Can Apply for the FG’s Financial Intervention?

The loan and grant programs are open to the following businesses:
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Benefits

Businesses selected from the pool of applicants will benefit from these programs in the following ways:
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Eligibility

The conditional grant and loan program is open to persons who meet the following criteria: If you would like to apply for this opportunity, you can do so HERE.
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