Apply: 2023 Federal Government Palliative Grant

About the Federal Government Grant

2023 Federal Government Palliative Grant

The Federal Government of Nigeria has rolled out an initiative aimed at bolstering the nation’s small businesses. The FG Palliative Grant – Presidential Conditional Grant Scheme (PCGS) is to sponsor one million nano businesses nationwide, offering a N50,000 Grant to mitigate the economic challenges faced by these enterprises.

About the Scheme

Grant Amount: N50,000 per beneficiary
Target Beneficiaries: One million nano businesses across all 774 local government areas

Selection Criteria:

70% Women and Youth
10% People with Disabilities
5% Senior Citizens
15% Other Demographics

Target Sectors:

Traders
Food services
ICT
Transportation
Creatives
Artisan

Who’s Eligible?

To tap into this grant, your business must meet the following criteria:

Nano Business (Asset value < N1 million, less than 4 employees, annual turnover < N1 million)
Operate in the specified target sectors
Located in Nigeria
Possess a valid BVN

Understanding Nano Businesses

A nano business signifies a small-scale enterprise, often run by a single individual or a compact team. These businesses operate within confined parameters – with asset values, employee count, and turnover all falling below the N1 million mark annually.

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BVN – A Crucial Identifier

The Bank Verification Number (BVN) serves as a unique biometric identifier ensuring that only eligible beneficiaries receive the grant. It’s an 11-digit code crucial for verification purposes.

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