Apply Now: Presidential Grant And Loan Program 2024

Presidential Grant And Loan Program 2024 Overview

- Host Country: Nigeria
- Category: Fellowships
- Eligible Countries: Nigeria
- Reward: Grants | Loan
- No IELTS Required

Presidential Grant And Loan Program 2024 Details

The program is targeted at Nano businesses, MSMES, and Manufacturers across all 774 Local Governments in Nigeria.

Presidential Grant And Loan Program 2024 Loan Repayment

- 3 years repayment period for MSMEs.
- 1 year repayment period for working capital.
- 5 years repayment period for the purchase of machinery and equipment.

Presidential Grant And Loan Program 2024 Eligibility

Businesses eligible to apply include:
- Traders: single retail marketers, corner shop owners, petty traders, market men and women in open markets.
- Food Services: food and vegetable vendors.
- ICT: business center operators, battery chargers, recharge card vendors, call center agents.
- Creatives: makeup artists, fashion designers, dry cleaners.
- Artisans: vulcanizers, shoemakers, painters, repairers.

Presidential Grant And Loan Program 2024 Benefits

- For Loan: ₦75 Billion to businesses (up to ₦1 million for each beneficiary) and ₦75 Billion to manufacturers (up to ₦1 billion for each beneficiary).
- For Grant: One-time grant of N50,000 to businesses.

Presidential Grant And Loan Program 2024 Required Documents

Applicants need proof of residence or business, personal or bank details of the business, and the application requirements are subject to the bank’s risk assessment criteria.

How to Apply for Presidential Grant And Loan Program 2024

Interested and qualified applicants can complete the application process through https://loan.fedgrantandloan.gov.ng/

Don't miss this opportunity to access financial support for your business through the Presidential Grant and Loan Program

- Deadline: December 31, 2023