NIGERIA: FG Announces N50,000 Monthly Grant for Small Business Owners Nationwide.
Abuja, Nigeria — The Federal Government has announced a new support scheme that will see eligible small business owners across Nigeria receive N50,000 monthly grants to help grow their businesses. The program was unveiled on Saturday by the Ministry of Industry, Trade and Investment as part of efforts to fight poverty and boost the economy. What The Grant Is About. The "Small Business Growth Fund" will target traders, artisans, farmers, and young entrepreneurs in all 36 states + FCT. Officials say the goal is to help small businesses survive rising costs and create more jobs in local communities. Minister of Industry said: _"This grant is not a loan. It is direct support to help MSMEs restock, buy equipment, and expand. We want to put money directly into the hands of Nigerians doing real work."_ Who Can Apply. To qualify, applicants must: 1. Be Nigerian and own a registered or unregistered small business. 2. Be between 18 - 55 years old. 3. Have...