Good news for Nigerian entrepreneurs!
The Federal Government has officially opened the application portal for the Presidential Conditional Grant Scheme (PCGS). This initiative aims to empower small and nano businesses across the country by offering a grant of ₦50,000 to each successful applicant.
This is a major opportunity for small-scale business owners who are looking for financial support to grow and expand their operations.
🔍 What Is the Presidential Conditional Grant Scheme (PCGS)?
The PCGS is part of the Federal Government’s broader strategy to support 1 million nano businesses in Nigeria.
- Each successful applicant will receive ₦50,000 (grant, not a loan).
- Funds are to be used for expanding inventory, improving operations, and hiring staff.
- No repayment is required.
✅ Who Is Eligible?
To qualify for the grant, applicants must:
- Own a nano-scale business (e.g. street traders, artisans, petty vendors).
- Operate in any Local Government Area (LGA) in Nigeria.
- Have a valid National Identification Number (NIN) and Bank Verification Number (BVN).
- Be able to hire at least one additional staff if granted the funds.
📝 How to Apply
- Visit the official application portal:
https://grant.fedgrantandloan.gov.ng/auth/nin/register - Enter your NIN to verify your identity.
- Fill in your business and personal information.
- Upload documents if requested (CAC certificate, utility bill, etc).
- Submit the form and wait for feedback.
📅 Application Deadline
No official deadline has been announced, but applications are open now. Apply as early as possible!
⚠️ Important Tips
- This is a free grant – do not pay anyone.
- Apply only through the official portal listed above.
- Double-check that your NIN and BVN match your personal data.
📣 Final Thoughts
This initiative is a golden opportunity for nano and small business owners across Nigeria. If you operate a local business and need a financial boost, this is your chance. Apply now and grow your business!
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Thanks for the update