Apply now for the Presidential Palliative Program Grant and Loan For Nigeria SMEs (75bn loans)

In order to be eligible for the 75 billion loan grant from the Federal Government as part of its palliative measures for SMEs in the nation, submit your application for the Presidential Palliative Program Grant and Loan For Nigerian SMEs right now.

The Federal Government would cooperate with the State Governments, Honorable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and Members of the House of Representatives. To choose the recipients from among their individual constituents, they will apply the Federal Government’s selection criteria.

Beneficiaries will include 5% senior citizens, 10% individuals with impairments, and 70% women and young people. Other demographics will receive the remaining 15%.

• Traders – Include single retail marketers, corner shops, petty traders, market men and women in open markets across teh country
• Food Services – These includes food and vegetable Vendors and seller
• ICT – These includes business center operations, battery chargers, recharge card vendors, call centre operators
• Transportation – These include wheelbarrow pushers and independent dispatch riders
• Creatives – These include makeup artists, tailors and fashion designers, drycleaners.
• Artisans – These include vulcanizers, shoemakers, painters, repairers.

Key Timelines to Apply for the N75b Loans: MSMEs and Manufacturers

• Start Date: 10th Oct 2023
• Duration: 6 weeks planning including continuous call to entry, revolving fund disbursement runs from 5th Dec 2023, repayments starts from 5th June 2024.
• To apply and benefit from the scheme, go to the official website, select your business area, register on the platform and apply.