FG Palliative Grant Scheme Portal Here.
Fedgrantandloan.gov.ng Nigeria FG grant and loan scheme application portal activated. The Federal Government of Nigeria have released the modalities and application procedure for the Presidential Conditional Grant to Nano Businesses as part of the Presidential Palliative Program.
The fedgrantandloan sum is N50,000.00 (Fifty Thousand Naira) per beneficiary, and it is designed to reach one million nano businesses in the 774 local government area.
The Federal Government will collaborate with the State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members, who will use the Federal Government’s selection criteria below to shortlist the beneficiaries from their constituents.
The target beneficiaries are 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is distributed to other demographics. The target sectors for the scheme are the business that are eligible to apply to the scheme as follows;
Traders: These include single retail marketers, corner shop owners, petty traders, market men and women in open markets.
Food Services: These include food and vegetable Vendors.
ICT: These include business centre operators, battery chargers, recharge card vendors, call centre agents.
Transportation: These include wheelbarrow pushers, independent dispatch riders.
Creatives: These include makeup artists, fashion designers, drycleaners.
Artisans: These include vulcanizers, shoemakers, painters, repairers.
Grant Eligibility:
- Own a nano business.
- Operate a business with progressive economic potential, and desire to grow the business.
- Be willing to engage at least one additional staff member if turnover increases
- Be willing to provide proof of residential/business address in the Local Government Area
- Provide relevant personal and bank account information, including Bank Verification
(BVN) for verification of identity.
How to Apply for FG Palliative Grant;
Interested Nigerians are to visit the application portal via the link below to apply;
>> https://grant.fedgrantandloan.gov.ng/
Eligible beneficiaries who meet all the selection criteria are enjoined to reach out to their representatives for shortlisting.