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.
The Federal Government of Nigeria proudly launches the MSME and Manufacturing segment of the Presidential 200 Billion Naira Fund. 🏭💼
🔗 Apply: fedgrantandloan.gov.ng
💡 With the applications for the Presidential Conditional Grant Scheme now closed, we are thrilled to start the loan disbursement for MSMEs and the manufacturing sector, aiming to boost economic growth and industrial development.
🌱 Fund Allocation:
– 75 Billion Naira for MSMEs
– 75 Billion Naira for Manufacturing
🎉 Initial disbursements to nano businesses have shown great success, supporting 1 million nano businesses across Nigeria. More beneficiaries will receive their grants this week.
🏦 More Info: Visit your local state Bank of Industry branch or find details in the attached PDF.
🛠️ Loan Details:
MSMEs: Up to 1M Naira
Manufacturers: Up to 1 Billion Naira
🤝 Let’s strengthen our industries, create jobs, and drive national progress. Your business growth is vital to our nation’s future.