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Home » How to Apply for FG’s Presidential Grant and Loan

How to Apply for FG’s Presidential Grant and Loan

The Federal Government is rolling out two groundbreaking initiatives to counter the impact of fuel subsidy removal. Get ready to seize these game-changing opportunities!

Unlocking the Benefits: Eligibility Requirements

Wondering if you qualify? Let’s break it down for you.

Presidential Conditional Grant: Supporting Nano Businesses

  • For nano businesses scattered across Nigeria’s 774 local government areas, here’s your chance to grab a grant of N50,000.
  • But how do you qualify? Simple – just prove your residence or business address within your local government area.
  • Don’t forget to have your personal and bank account details handy, including your Bank Verification Number for identity verification.

Presidential Palliative Loan: Empowering MSMEs and Manufacturers

  • Attention MSMEs and Manufacturers – this one’s for you!
  • Access loans up to N1 million (MSMEs) or even up to N1 billion (Manufacturers) at a low interest rate of 9% per annum.
  • MSMEs, you’ve got three years to repay your working capital loans, while Manufacturers can enjoy up to five years for machinery and equipment or one year for working capital.

Ready to Dive In? Here’s How to Apply

  • It’s time to take action! Head over to the official portals for each programme and submit your application.
  • For the Presidential Conditional Grant Programme, hit up the portal provided [link] and get started.
  • Likewise, for the Presidential Palliative Loan Programme, don’t hesitate to submit your application through the designated portal.
  • Remember, your application’s success hinges on meeting your bank’s risk assessment criteria, as these facilities are channeled through financial institutions.

A Government Committed to Economic Growth

The Federal Government is dedicated to propelling economic development and financial empowerment. These initiatives aim to nurture entrepreneurship and foster job creation across various sectors.

Seize the Opportunity!

  • Ready to propel your business to new heights? Don’t miss out on these grants and loans designed to fuel your growth and sustainability.
  • For more in-depth info and to kickstart your application journey, head to the official website for these programmes.
  • This guide is your roadmap to seamless navigation through the application process. Let’s make your dreams a reality!

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