Business and Economy

Federal Government announce kickoff of Presidential Conditional Grant to Nano Businesses

The Presidential Conditional Grant to Nano Businesses, an initiative of the Presidential Palliative Program, has officially begun, with great pleasure from the Federal Government of Nigeria.

The goal of the N50,000.00 (fifty thousand naira) grant is to support one million nanobusinesses across the 774 local government areas. The grant amount is per beneficiary. The Federal Government will work with the State Governments, House of Representative Members, Senators, Honorable Ministers, and NASME (Nigerian Association of Small and Medium Enterprises) to shortlist the beneficiaries from their constituents using the Federal Government’s selection criteria below.

The target beneficiaries are divided as follows: 15% goes to other demographics, 10% go to individuals with disabilities, 5% are senior citizens, and 70% are women and young people. Click to apply:*

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