FG Reopens the Presidential Conditional Grant Scheme (PCGS) for 2024 Applications

Applications are now open for the Presidential Conditional Grant Scheme 2024. Here’s what you need to know about the grant.

About The Scheme

The grant sum is N50,000.00 (Fifty Thousand Naira) per beneficiary, and it is designed to reach one million nano businesses in the 774 local government areas.

The Federal Government will collaborate with the State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members, who will use the Federal Government’s selection criteria below to shortlist the beneficiaries from their constituents.

The target beneficiaries are 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is distributed to other demographics.

Grant Eligibility Criteria

Own a nano business.
Operate a business with progressive economic potential, and desire to grow the business.
Be willing to engage at least one additional staff member if turnover increases
Be willing to provide proof of residential/business address in the Local Government Area
Provide relevant personal and bank account information, including Bank Verification, (BVN) for verification of identity and National Identification Number (NIN)

The Target Sectors for the Scheme

Below are the business that are eligible to apply to the scheme

Traders: These include single retail marketers, corner shop owners, petty traders, market men and women in open markets
Food Services: These include food and vegetable Vendors
ICT: These include business centre operators, battery chargers, recharge card vendors, call centre agents
Transportation: These include wheelbarrow pushers, independent dispatch riders
Creatives: These include makeup artists, fashion designers, drycleaners.
Artisans: These include vulcanizers, shoemakers, painters, repairers.

Activities

The target beneficiaries are 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is distributed to other demographics.