FG N50,000 Grants For Nano Business

The Federal Government of Nigeria, under the supervision of the Federal Ministry of Industry, Trade and Investment, is rolling out two initiatives – the Presidential Conditional Grant Programme & the Presidential Palliative Loan Programme.

The programmes aim to alleviate the effects of the removal of fuel subsidies.

Nano businesses will receive a N50,000 grant, while MSMEs and manufacturers will access loans up to N1 million and N1 billion, respectively.

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.

The following businesses are eligible to apply for the scheme:

TradersSingle retail marketers, corner shop owners, petty traders, market men and women in open markets
Food servicesFood and vegetable vendors
ICTBusiness center operators, battery chargers, recharge card vendors, call center agents
TransportationWheelbarrow pushers, independent dispatch riders
CreativesMakeup artists, fashion designers, dry cleaners
ArtisansVulcanizers, shoemakers, painters, repairers

Latest Available Loans

FG N50,000 Grants For Nano Business Application Process

  1. Own a nano business.
  2. Operate a business with progressive economic potential and desire to grow the business.
  3. Be willing to engage at least one additional staff member if turnover increases.
  4. Be willing to provide proof of residential/business address in the Local Government Area.
  5. For identity verification, provide relevant personal and bank account information, including Bank Verification (BVN).
  6. Meet the application submission deadline.


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