Submit Your Application now for Presidential Palliative Program Grant and Loan For Nigeria SMEs (75bn loans)
Submit your application now for the Presidential Palliative Program Grant and Loan For Nigerian SMEs for a chance to benefit from the 75bn loans grant from the Federal Government as part of its parliative measures for SMEs in the country.
The State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members will join hands with the Federal Government in a collaborative effort. They will utilize the Federal Government’s selection criteria to identify the beneficiaries from their respective constituents.
The beneficiaries will consist of 70% women and youth, 10% people with disabilities, and 5% senior citizens. The remaining 15% will be allocated to other demographics.
The Target Sectors for the Scheme
- Traders
- Food Services
- ICT
- Transportation
- Creatives
- Artisans
Key Timelines: of N75b Loans: MSMEs and Manufacturers
- Start Date: 10th Oct 2023
- Duration: 6 weeks planning, continuous call to entry, revolving fund disbursement from 5th Dec 2023, repayments starting 5th June 2024.
- To apply and benefit from the scheme, go to the official website, select your business area, register on the platform and apply.
