The Federal Government has unveiled a Presidential Conditional Grant Scheme to empower nanobusinesses as part of the Presidential Palliative Programme.
According to a statement by the Bank of Industry, the scheme offers grants, without repayment obligations, to eligible small business owners operating in various sectors such as trading, food services, ICT, transportation, creatives, and artisans.
The Presidential Conditional Grant Scheme targets seventy percent women and youth, ten percent people with disabilities, and five percent senior citizens, with the remaining fifteen percent distributed to other demographics.
However, beneficiaries of the initiative have been selected through a process that includes the verification of each business owner through their National Identification Number and Bank Verification Number.
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