President Bola Tinubu-led Federal Government of Nigeria has announced the kickoff of the Presidential Conditional Grant to Nano Businesses (PCGS) as part of the Presidential Palliative Program.
The grant 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 areas.
According to the federal government, beneficiaries will be shortlisted and paid before the Christmas celebration.
On the application website, the Federal Government also said it 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 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.
To apply, one can visit the website: https://grant.fedgrantandloan.gov.ng/ to complete the registration form.
The commencement of the program comes after President Bola Tinubu established a humanitarian and poverty alleviation trust fund for the country.
Comments