SUBSIDY: FEDERAL GOVERNMENT TO DISBURSE GRANTS TO SMES

The Federal Government says it will soon commence disbursement of funds under its Presidential Palliative Programme, targeted at alleviating the impact of the fuel subsidy removal.

A statement on Sunday by the Minister for Industry, Trade and Investment, Dr Doris Uzoka-Anite, said the programmes consisted of the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme.

It stated, “In the Presidential Conditional Grant Programme, the Federal Government will disburse a grant sum of N50,000 to nano businesses across the 774 local government areas.

“The Federal Government through the Federal Ministry of Industry, Trade and Investment and Small and Medium Enterprises Development Agency of Nigeria will collaborate with state and local governments, federal legislators, federal ministers, banks and other stakeholders.

“Eligible nano business beneficiaries should be willing to provide proof of residential/business address in their local government area, and provide relevant personal and bank account information, including Bank Verification Number for verification of identity.”

For the Presidential Palliative Loan Programme, it said, the Federal Government would disburse N75bn to micro, small and medium-sized enterprises across various sectors, and N75bn specifically to manufacturers.

The loan would be administered to the beneficiaries at a single-digit interest rate of nine per annum.

While MSMEs can access loan facilities up to N1m with a repayment period of three years, manufacturers can access up to N1bn to access financing for working capital with a repayment period of one year for working capital or five years for the purchase of machinery and equipment,” it stated.

Source:
https://punchng.com/subsidy-fg-to-disburse-grants-to-smes/


To apply for the Presidential Conditional Grant Programme,, click on the link below..
https://grant.fedgrantandloan.gov.ng/apply


To apply for the Presidential Palliative Loan Programme click on the link below..
https://loan.fedgrantandloan.gov.ng/auth/loan-register


For more information, click on the link below..
https://fedgrantandloan.gov.ng

For those that may apply for the GRANT..


THEY WILL PUBLISH YOUR NAME ON THEIR WEBSITE OOO..

AND THE WHOLE WORLD WILL SEE THAT THEY DASHED YOU N50,000

So,, check well before you apply.!!

Tinubu should get out with his useless 50k

Rubbish! Ordinary 35k that he promise to federal workers has not be implemented.
Even the military only collected for the month of September.
Now he is promising another rubbish.

Threatening to act instead of acting.

Maybe we should hit the streets with traditional attires and start celebrating a threatening promise.

Since tinubu came into power, what has been on the news has been " tinubu will....tinubu aim at.....Federal govt plan to......F.G targets......federal govt announced.... Blablablablu.....

Click this link to join our revolutionary movement.

https:///EVT4juSj4pU3AzYgpJspH6

Lalasticlala, Seun, Nlfpmod

Mynd44

Nice one

If this government of Tinubu would own up by saying the truth they have had a paper loss of more than what they would have paid on subsidy since removing subsidy. I pity black people. Our leaders are thoughtless.