Presidential Conditional Grant Scheme (PCGS): The Federal
Government of Nigeria is delighted to announce the kickoff of the Presidential
Conditional Grant to Nano Businesses as part of the Presidential Palliative Program.
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Presidential Conditional Grant
Scheme (PCGS) Application Portal: https://grant.fedgrantandloan.gov.ng/apply
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The Federal Government of Nigeria is delighted to announce the
kickoff of the Presidential Conditional Grant to Nano Businesses 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.
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.
For more details and mode of application, see link below 👇
Presidential Conditional Grant Scheme (PCGS) Application Portal: https://grant.fedgrantandloan.gov.ng/apply.
PCGS Frequently Asked Questions
What is a 'nano
business'?
A nano business is a very small-scale business entity, often
operated by a single individual or a small team, and typically characterized by
its limited size and scope.
A Nano business has asset value of value <1m and less than
4 employees with annual turnover <1m.
What is a Bank
Verification Number (BVN), and why is it needed for identity verification?
The Bank Verification Number (BVN) is an 11-digit biometric
identifier introduced by the Central Bank of Nigeria for customers. It enhances
security, reduces fraud, and streamlines financial services by providing a
standardised means of verifying and authenticating individual's identities.
BVN links multiple bank accounts, aids in compliance with regulatory policies, and is used beyond banking for identity verification in various services.
BVN provides a unique identity for each beneficiary.
Do I need to have a registered business
name to qualify for this opportunity?
No, The beneficiary is expected to register thereafter
When is the deadline
for submitting the application for this opportunity?
18th December, 2023
What documents do I need to provide as
proof of my residential/business address in the Local Government Area?
Submit business/Residential address with the closest land
mark
What personal and bank account
information is required for this application?
Account number, Account Name and BVN
What does it mean to have a business
with 'progressive economic potential'?
A business that has the ability to create jobs and increase wages
 - https://grant.fedgrantandloan.gov.ng/apply){kind=link}
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