Update on Federal Government's N50,000 Grant and Loan Program for Small Businesses

Are you one of those who have received the N50,000.00 Presidential Conditional Grant Scheme and the Loan Program of the Presidential Palliative Programs Transforming Businesses and Improving Lives that the Federal Government has started providing recently? If the answer is "yes," be sure to read this important information.

Last week, thousands of Nigerians received N50,000 from the federal government under the "Presidential Conditional Grant Scheme (PCGS), and some are still waiting for their own support. That's why we have received hundreds of messages from you. Don't forget to follow us at https://www.haskenews.com.ng/ 

First of all, it is good to know that this grant from the federal government is divided into two parts. The first part is called the grant. In this system, the amount of support is N50,000.00 (fifty thousand naira), and the support is designed to support one million small business owners in the 774 local governments that we have. The application for the grant has been closed, the first batch has received the grant, and the second batch is still waiting for their grant. It is expected that those who have not received it will receive it these days, and some states will continue to verify the BIO data of those who will benefit from the program. Website to access: https://grant.fedgrantandloan.gov.ng/ 

The second grant/loan program is titled Presidential Palliative Programs: Transforming Businesses and Improving Lives. In this scheme, entrepreneurs will benefit from the program, but this is a loan scheme and will be given from N500,000 to N500,000, especially to traders with CAC registration. This scheme has a 9% interest rate every year. The application form for this scheme is still going on and can be filled out online as follows: https://loan.fedgrantandloan.gov.ng/