Presidential Palliative Loan Programme- The Federal Government of Nigeria is delighted to announce the kickoff of the Presidential Conditional Loan and Grant Scheme to Businesses in Nigeria (including Nano businesses) as part of the Presidential Palliative Program.
Presidential Palliative Loan
As stated earlier, the Federal Government of Nigeria under the supervision of the Federal Ministry of Industry, Trade and Investment, is rolling out two impactful initiatives – the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme.
Loan Amount:
MSMEs & manufacturers will access loans up to N1Million & N1Billion respectively.
These programmes aim to alleviate the effects of the fuel subsidy removals.
N75b Presidential Palliative Loans
The Federal government via this scheme will be providing loans to MSMEs and Manufacturers in Nigeria worth Seventy Five Billion Naira. See details below to ensure you benefit from this government initiative.
MSMEs and Manufacturers
- Start Date: 10th Oct 2023
- Duration: 6 weeks planning, continuous call to entry, revolving fund disbursement from 5th Dec 2023, repayments starting 5th June 2024.
Target Sector For The Scheme:
- Trader
- Transportation
- Food Services
- ICT
- Creatives
- Artisans
How to Apply for Presidential Palliative Loan
Eligible applications which meet the selection criteria will be shortlisted. https://loan.fedgrantandloan.gov.ng/ APPLICATION PORTAL
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