The Federal Government of Nigeria Presidential Conditional Grant Scheme (PCGS) portal reopens and here is how you can apply.
it is noted that 60% presidential conditional grant scheme applicants have received funds according to Minister of Industry, Trade and Investment, Doris Uzoka-Anite.
Mrs Uzoka-Anite noted that only one million beneficiaries can be accommodated out of about four million Nigerians who applied for the grant.
Also Read: FG N50,000 Monthly Presidential Grant (NCHSP)
She explained that beneficiaries are selected using random numbers generated by computers. This, the minister explained, will help give “everyone an equal chance”.
As part of efforts to tackle the economic hardship in the country, the Federal Government launched the Presidential Conditional Grant Scheme (PCGS).
The grant is a one-off payment of N50,000 to small business enterprises in the 774 local government areas of the country. The target sectors of the scheme include traders, food services, ICT, transportation, creatives and artisans.
So what is holding you back?
To apply for the ongoing Presidential Conditional Grant Scheme (PCGS) there are few thing you need to know before you submit your application to enable you get your grants remitted to your account quickly
Presidential Conditional Grant Scheme (PCGS) Criteria
- 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)
How to apply For the Presidential Conditional Grant Scheme (PCGS)
to apply for the ongoing Presidential Conditional Grant Scheme (PCGS), visit Application Portal to submit your application
Note: 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.
Eligible beneficiaries who meet all the selection criteria are enjoined to reach out to their representatives for shortlisting.