<div>The federal government has introduced the Presidential Conditional Grant Scheme (PCGS) to empower nano businesses as part of the Presidential Palliative Program. This initiative, which began on March 9, offers financial grants to eligible small business owners in various sectors such as trading, food services, ICT, transportation, creatives, and artisans.</div><div><br></div><div>The PCGS targets specific demographic groups, including women, youth, people with disabilities, and senior citizens, to unlock Nigeria’s entrepreneurial potential and drive grassroots economic development. Each beneficiary will receive a grant of N50,000.00 (Fifty Thousand Naira), totaling one million small businesses across the 774 local government areas (LGAs) and the six council areas in the Federal Capital Territory (FCT).</div><div>Beneficiaries were selected through a rigorous process that included verification of their National Identification Number (NIN) and Bank Verification Number (BVN). Successful applicants demonstrated progressive economic potential, willingness to grow, and engagement of additional staff members when necessary.</div><div><br></div><div><br></div><div><b>ELIGIBILITY CRITERIA</b></div><div>-&nbsp; &nbsp; &nbsp;Own a nano business.</div><div>-&nbsp; &nbsp; &nbsp;Operate a business with progressive economic potential, and desire to grow the business.</div><div>-&nbsp; &nbsp; &nbsp;Be willing to engage at least one additional staff member if turnover increases</div><div>-&nbsp; &nbsp; &nbsp;Be willing to provide proof of residential/business address in the Local Government Area</div><div>-&nbsp; &nbsp; &nbsp;Provide relevant personal and bank account information, including Bank Verification, (BVN) for verification of identity and National Identification Number (NIN)</div><div><br></div><div><br></div><div><b>TARGET SECTOR FOR GRANT</b></div><div>-&nbsp; &nbsp; Traders</div><div>-&nbsp; &nbsp; Food Services</div><div>-&nbsp; &nbsp; ICT</div><div>-&nbsp; &nbsp; Transportation</div><div>-&nbsp; &nbsp; Creatives</div><div>-&nbsp; &nbsp; Artisans</div>