The Federal Government of Nigeria has launched a new grant scheme aimed at supporting small business owners and entrepreneurs across the country. The scheme, which is part of the government’s efforts to boost economic growth and reduce unemployment, will provide ₦50,000 to successful applicants.

Eligibility Criteria

To be eligible for the grant, applicants must meet the following criteria:

– Be a Nigerian citizen
– Be aged between 18 and 45 years
– Have a viable business idea or be an existing small business owner
– Have a Bank Verification Number (BVN)
– Have a valid tax identification number (TIN)

How to Apply

Interested applicants can apply for the grant through the following steps:

1. Visit the official website of the Ministry of Humanitarian Affairs, Disaster Management and Social Development (fedgrantandloan.gov.ng)
2. Click on the “Grant Application” tab
3. Fill out the online application form with accurate and complete information
4. Upload required documents (such as ID card, birth certificate, and bank account details)
5. Submit the application

Selection Process

Applications will be reviewed and selected based on eligibility criteria and need. Successful applicants will receive a one-time payment of ₦50,000 into their bank.