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Federal Government launches ₦50,000 grant scheme for one million nano businesses nationwideTargeting micro entrepreneurs, the scheme aims to relieve financial pressure amid economic reformsBeneficiaries include kiosk owners, traders, and artisans with no repayment obligations
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Federal Government has intensified the rollout of its Presidential Conditional Grant Scheme (PCGS), offering a one-time ₦50,000 grant to eligible nano businesses across Nigeria in a move expected to provide much-needed relief to millions of small business owners struggling with rising operating costs.
The intervention, which is part of the Presidential Palliative Programme, targets micro entrepreneurs including traders, kiosk operators, vulcanisers, food vendors, artisans, tailors, mechanics, and other small-scale business owners.
Nigerian small business owners get a boost amid new cash transfer initiatives by the FG. Credit: NovatisSource: Getty Images
The initiative is designed to strengthen grassroots businesses, improve cash flow,
