Presidential Conditional Grant Programme 2024 | How to Apply

We are pleased to inform you that the FG 50k Presidential Conditional Grant Programme has officially started. A great number of persons have already received their grants. This marks it the beginning of the federal government phased disbursement strategy.

Here, we shall be showing you how to apply for the FG 50k Presidential Conditional Grant Programme. If you are interested in this grant then you have to take this post serious as we are going to reveal to you step by step guide on how to start and finish your application for the grant.

FG 50k Presidential Conditional Grant Programme

First thing you have to bear in mind about this FG 50k Presidential Conditional Grant Programme which is part of the Trade Grants Scheme is that disbursement is phased. Meaning that not all applicants will get first phase of the disbursement that will commence on 19th April, 2024.

There is no need to panic if you did not receive your N50,000 in the first phase. If your name is not in the first trench of the disbursement then you have to wait for the second trench. Be reassured that all verified applicants will receive their money in the subsequent disbursement.

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Grant Eligibility Criteria

To qualify for this grant, applicants must possess the following;

  • Own a nano business.
  • Operate a business with progressive economic potential, and desire to grow the business.
  • Be willing to engage at least one additional staff member if turnover increases
  • Be willing to provide proof of residential/business address in the Local Government Area
  • Provide relevant personal and bank account information, including Bank Verification, (BVN) for verification of identity and National Identification Number (NIN)

The aim of disbursing the grant in phases is to ensure that all verified applicant gets the money they deserve. Also, it is important to note that this FG 50k Presidential Conditional Grant Programme application form is free of charge. The federal government will at no point ask any applicant to pay for their name to be shortlisted. Kindly disregard any body asking for otherwise.

The Target Sectors for 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
  • 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.
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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.

According to the Minister of Industry, Trade and Investment, Mrs. Doris Nkiruka Uzoka-Anite, the non-repayable N50,000 Presidential Conditional Grant Programme (PCGP) per beneficiary will be paid directly to beneficiaries bank accounts and will reach one million small businesses in the 774 local government areas (LGAs) and the six council areas in the Federal Capital Territory (FCT).

The PCGS targets 70% women and youths, 10% people with disabilities, and 5% senior citizens, with the remaining 15% distributed to other demographics.

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