FG Grant and Loan Scheme Portal 2023/2024 (ALL YOU NEED TO KNOW)

The Federal Government Grant and Loan Portal 2023 has been launched to assist one million Nano Businesses across the 774 local governments in Nigeria.

The grant amount is ₦50,000 (Fifty Thousand Naira) per beneficiary. Beneficiaries can access this program via www.fedgrantandloan.gov.ng

FG introduced the Presidential Conditional Grant Scheme (PCGS) as part of Tinubu Palliative Program to assist Nigerians in recovering from subsidy removal.

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.

Note: The official website to apply for Federal Government grants and loans is www.fedgrantandloan.gov.ng.

Federal Government Grant and Loan Scheme 2023: ₦50,000 For 1 Million Businesses

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 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.

• Below are the businesses that are eligible to apply to the scheme:

• Traders:
  • These include single retail marketers, corner shop owners, petty traders, and market men and women in open markets.
• Food Services:
  • These include food and vegetable Vendors.
• ICT:
  • These include business center operators, battery chargers, recharge card vendors, and call center agents.
• Transportation:
  • These include wheelbarrow pushers and independent dispatch riders.
• Creatives:
  • These include makeup artists, fashion designers, and dry cleaners.
• Artisans:
  • These include vulcanizers, shoemakers, painters, and repairers.

Eligible beneficiaries who meet all the selection criteria are enjoined to reach out to their representatives for shortlisting.

Federal Government Grant and Loan Scheme Deadline

N50b Grants for Nano Businesses (3 Months)

• Start Date: 10th Oct 2023
• Duration: 6 weeks planning, 3 weeks official communication, 6 weeks verification, continuous fund disbursement from 12th Dec 2023.

N75b Loans: MSMEs and Manufacturers

• Start Date: 10th Oct 2023
• Duration: 6 weeks planning, continuous call to entry, revolving fund disbursement from 5th Dec 2023, repayments starting 5th June 2024.

Federal Government Grant and Loan URLs:

• Direct link to apply for FG Grant: grant.fedgrantandloan.gov.ng
• Direct link to apply for FG Loan: loan.fedgrantandloan.gov.ng

President Tinubu also recently launched the Conditional Cash Transfer Scheme, and many beneficiaries received a #25000 cash transfer from it.