The Federal Government’s ₦50,000 grant is authentic. Moreover, it’s not a loan. It’s a gift.
Only those with a business, even a nanobusiness, are eligible for the funding. You should not spend this money. You can use this money to invest in a business that already exists.
You need to present identification and proof of address, along with a growth strategy.
All Nigerians are called upon to support this initiative.
These are the Target Sectors for the Scheme;
- These include single retail marketers, corner shop owners, petty traders, market men and women in open markets.
- These include food and vegetable Vendors.
- These include wheelbarrow pushers, independent dispatch riders.
- These include makeup artists, fashion designers, drycleaners.
- These include business centre operators, battery chargers, recharge card vendors, call centre agents.
- These include vulcanizers, shoemakers, painters, repairers.
This is the webpage. Visit fedgrantandloan.gov.ng to apply for the grant.