How to Apply Presidential Palliative Empowerment 2023
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How to Apply Presidential Palliative Empowerment 2023

How to Apply Presidential Palliative Empowerment 2023| The Federal Ministry of Industry, Trade and Investment, has open portal for the Presidential Conditional Grant empowerment  and the Presidential Palliative Loan Programme to empower both Micro Small and Medium Enterprises (MSMEs) and Startup to alleviate the effects of the fuel subsidy removals, read application instruction.

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Presidential Palliative Programmes , Transforming Futures Revolutionizing Financial Support

Introducing the Presidential Palliative Programmes – a game-changer in economic empowerment.

Benefit:

  • Non registered business N500,000 – N1 million Grants for
  • Registered business ( Nano Businesses) N1 million -N10 million
  • MSMEs and Manufacturers N5 million – N75 billion

Key Features:

Transparent and Efficient:

  • They prioritise transparency and efficiency, ensuring that funds are disbursed swiftly to deserving businesses.

Digital Transformation:

  • The platform leverages cutting-edge technology to make the entire process accessible through smartphones and computers, allowing SMEs to apply from anywhere.

Financial Literacy:

  • They understand the importance of financial education. Therefore, our platform provides resources and training to empower SMEs with the knowledge to manage their funds effectively.

Apply Below:

The Target Sectors:

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

Information and Communication Technology (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.

What is a ‘nano business’?

nano business is a very small-scale business entity, often operated by a single individual or a small team, and typically characterized by its limited size and scope.

Requirement/Documents:

  • Passport photograph
  • Must have account details and verifiable BVN.
  • Means of Identification (NIN, International passport)
  • CAC Certificate
  • Business must be owned by Nigerians

How to Apply Presidential Palliative Empowerment 2023:

Interested and qualified applicants should apply via https://loan.fedgrantandloan.gov.ng

Application Deadline: 31st December 2023

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