Federal Government Conditional Grant Scheme: Would you be willing to add N50,000 to your small-scale business?
Applications are now being accepted from all qualified and interested Nigerians for the 2024 Federal Government Conditional Grant Scheme.
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The Federal Government of Nigeria is proud to announce the commencement of the Presidential Conditional Grant Scheme and Palliative Programs for 2023.
As part of the Presidential Palliative Program, this initiative aims to uplift nano businesses across the nation, offering a financial boost of N50,000.00 to each beneficiary.
In this comprehensive guide, we will explore the key details, eligibility criteria, and the application process for interested entrepreneurs.
Abstract
- Host: Federal Government of Nigeria
- Category: Scholarships || Other Opportunities
- Benefits:
- N50,000
- Eligibility: Nigeria
- Deadline: Not Specified
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Federal Government Conditional Grant Scheme Requirements
To be eligible for this empowering Federal Government Conditional Grant Scheme, applicants should fall under the following categories:
- Traders: Single retail marketers, corner shop owners, petty traders, and market men and women in open markets.
- Food Services: Food and vegetable vendors.
- ICT: Business center operators, battery chargers, recharge card vendors, and call center agents.
- Transportation: Wheelbarrow pushers and independent dispatch riders.
- Creatives: Makeup artists, fashion designers, and dry cleaners.
- Artisans: Vulcanizers, shoemakers, painters, and repairers.
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Federal Government Conditional Grant Scheme Benefits and Timeline
The Federal Government Conditional Grant Scheme aims to disburse N50,000.00 to each beneficiary, with a target of reaching one million nano businesses spread across the 774 local government areas in Nigeria.
Key Timelines
N50b Grants for Nano Businesses (3 Months)
- Start Date: 10th Oct 2023
- Duration: 6 weeks planning, 3 weeks official communication, 6 weeks verification, continuous fund disbursement from 12th Dec 2023.
N75b Loans: MSMEs and Manufacturers
- Start Date: 10th Oct 2023
- Duration: 6 weeks planning, continuous call to entry, revolving fund disbursement from 5th Dec 2023, repayments starting 5th June 2024.
Application Procedure
To seize this financial opportunity, apply using the link provided below.
Conclusion: A Path to Economic Empowerment
The Presidential Conditional Grant Scheme and Palliative Programs for 2023 present a unique chance for nano businesses to thrive and expand.
Entrepreneurs fitting the specified categories are encouraged to apply promptly and harness the support provided by the Federal Government.
As the nation looks forward to economic growth, this initiative stands as a beacon of hope for those striving to make a mark in the business landscape.
Seize the Opportunity: Transform Your Nano Business with the Presidential Conditional Grant Scheme and Palliative Programs 2023!
