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The Presidential Conditional Grant Scheme offers ₦50,000 grants to Nigeria’s smallest businesses without repayment requirementsEligible nano businesses include roadside traders, artisans, and freelancers with modest capital and turnoverApplications require consistent personal details and must be submitted through official government platforms only
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Running a small business in Nigeria has never been easy. From rising operating costs and inflation to limited access to affordable credit, many entrepreneurs struggle to keep their businesses afloat, let alone expand them.
For thousands of roadside traders, artisans, food vendors, tailors, hairdressers and digital entrepreneurs, securing a bank loan often remains out of reach due to collateral requirements and high interest rates.
FG restarts N50,000 conditional cash transfer to small business owners. Credit: NovatosSource: UGC
To ease this burden, the Federal Government introduced the Presidential Conditional Grant Scheme (PCGS), a funding initiative that
