Presidential Conditional grant scheme and palliative programs
The Federal Government of Nigeria is delighted to announce the kickoff of the Presidential Conditional Grant Scheme to Nano Businesses as part of the Presidential Palliative Program.
The Federal Government through Minister of Trade, Industry and Investment has announced the launch of the MSME and manufacturing segment of the presidential 200 billion Naira fund.
Statement from the Minister’s Office “With the applications for the Presidential Conditional Grant Scheme now closed, we are thrilled to start the loan disbursement for MSMEs and the manufacturing sector, aiming to boost economic growth and industrial development.
Fund Allocation:
- 75 Billion Naira for MSMEs
- 75 Billion Naira for Manufacturing
Initial disbursements to nano businesses have shown great success, supporting 1 million nano businesses across Nigeria. More beneficiaries will receive their grants this week.
More Info: Visit your local state Bank of Industry branch or find details in the attached PDF.
Loan Details:
MSMEs: Up to 1M Naira
Manufacturers: Up to 1 Billion Naira
Let’s strengthen our industries, create jobs, and drive national progress. Your business growth is vital to our nation’s future.”
