Connect with us

News

Tinubu Govt Gives Cash Grant To Small Business Owners (See Details)

Published

on

Election Of ECOWAS Parliament

EKO HOT BLOG reports that the President Bola Tinubu-led federal government has rolled out a fresh grant initiative to cater for nano businesses in the country.
The initiative, known as the Presidential Conditional Grant Scheme (PCGS), is part of the Presidential Palliative Programme and targets nano businesses.

EDITOR’S PICKS

It offers financial grants, without repayment obligations, to eligible small business owners operating in various sectors such as trading, food services, ICT, transportation, creatives and artisans.

This online media platform understands the scheme which commenced last week, is being implemented by the Federal Ministry of Industry, Trade and Investment with the Bank of Industry as the executing agency.

According to a statement from the BOI, the PCGS targets 70 percent women and youth, 10 percent people with disabilities, five percent senior citizens, and 15 percent distributed to other demographics.

Under the scheme, beneficiaries are given N50,000 each and one million businesses across the 774 local government areas of the country are targeted.

“By focusing on the often-overlooked group of business owners, the program seeks to unlock the potential of Nigeria’s burgeoning entrepreneurial ecosystem and drive sustainable economic development at the grassroots level.

“The N50, 000.00 grant per beneficiary will reach one million small businesses in the 774 local government areas (LGAs) and the six council areas in the Federal Capital Territory (FCT).

FURTHER READING 

“With a target of one million beneficiaries in every LGA and the FCT, the program has the potential to impact communities nationwide significantly, the statement reads.

Click to watch our video of the week




Advertise or Publish a Story on EkoHot Blog:

Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.

Citizen journalists will receive a token as data incentive.

Call or Whatsapp: 0803 561 7233, 0703 414 5611




 

 


DISCLAIMER: Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers Of  EKO HOT BLOG

For publication of your News Contents, articles, Videos or any other News Worthy Materials, please send to [email protected]

For Advert and other info, you can call 08035617233 or send a WhatsApp Message to 08035617233.

Please drop your comments

Copyright © Ekohotblog

MGID