As part of the Presidential Palliative Programme, the Federal Government of Nigeria has announced the kick-off of two programmes targeted at alleviating the impact of the fuel subsidy removal – the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme. This was revealed in a recent press release issued by the Honourable Minister for Industry, Trade and Investment, Dr Doris Uzoka-Anite, CFA.
In the Presidential Conditional Grant Programme, the Federal Government will disburse a grant sum of N50,000.00 (Fifty Thousand Naira) to nano businesses across the 774 local government areas in the country.
The Federal Government through the Federal Ministry of Industry, Trade and Investment and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) will collaborate with State and Local Governments, Federal Legislators, Federal Ministers, Banks and other Stakeholders.
According to the statement, eligible nano business beneficiaries should be willing to provide proof of residential/business address in their local government area, and
provide relevant personal and bank account information, including Bank Verification Number (BVN) for verification of identity.
