Loan & Grant

Update Your NIN to Stay Eligible for N50,000 Federal Government Grant!

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Federal Government Grant Empowering Nano Businesses (Nigeria)

Attention Nano Business Owners! The Federal Government Grant scheme is offering a crucial reminder to ensure your eligibility for the N50,000 grant. If you previously applied but haven’t submitted your National Identification Number (NIN), it’s time to act!

This update ensures transparency and proper identification within the program. Here’s what you need to know:

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  • Update Your NIN: All grant applicants who haven’t provided their NIN must do so by clicking this link: https://grant.fedgrantandloan.gov.ng/auth/nin/register.
  • Application Deadline Passed: It’s important to note that applications for the grant are currently closed. The deadline for submitting applications was December 18, 2023.
  • Grant Details: This scheme aims to empower one million small businesses across various sectors, with a focus on nano businesses. The grant provides a one-time N50,000 disbursement to eligible applicants.

Who Can Benefit?

The program prioritizes specific demographics:

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  • 70%: Women and Youth
  • 10%: People with Disabilities
  • 5%: Senior Citizens
  • 15%: Other Demographics

Targeted Sectors:

The grant targets nano businesses operating in the following sectors:

  • Traders (retail, market vendors)
  • Food Services (food and vegetable vendors)
  • ICT (business centers, recharge vendors, call center agents)
  • Transportation (wheelbarrow pushers, independent riders)
  • Creatives (makeup artists, fashion designers, dry cleaners)
  • Artisans (vulcanizers, shoemakers, painters, repairers)

READ ALSO: How to Apply for N50bn Access Bank Loan To Empower 700,000 Nigerian MSMEs

Previously Applied? Here’s What to Do

If you submitted a grant application before the deadline but haven’t updated your NIN, use the link provided above to ensure your eligibility. While applications are closed, shortlisted candidates will be contacted by their representatives for further information.

Don’t miss out on this opportunity to take your nano business to the next level! Update your NIN today and stay tuned for updates from your local representatives.

RELATED: FG N50,000 Presidential Conditional Grant Scheme (PCGS) Announced Next Phase

Federal Government Grant Scheme: Frequently Asked Questions (FAQs)

Is the Federal Government Grant Scheme still accepting applications?

  • No, the application window for the Federal Government Grant Scheme closed on December 18, 2023.

I applied before the deadline but haven’t submitted my NIN. What should I do?

Who is eligible for the Federal Government Grant Scheme?

  • The scheme targets nano businesses operating in various sectors, prioritizing specific demographics:
    • 70% – Women and Youth
    • 10% – People with Disabilities
    • 5% – Senior Citizens
    • 15% – Other Demographics

What sectors are eligible for the grant?

  • The grant program supports nano businesses in these sectors:
    • Traders (retail, market vendors)
    • Food Services (food and vegetable vendors)
    • ICT (business centers, recharge vendors, call center agents)
    • Transportation (wheelbarrow pushers, independent riders)
    • Creatives (makeup artists, fashion designers, dry cleaners)
    • Artisans (vulcanizers, shoemakers, painters, repairers)

How much is the grant amount?

  • The Federal Government Grant Scheme offers a one-time N50,000 disbursement to each eligible applicant.

How will shortlisted candidates be notified?

  • While applications are closed, shortlisted candidates will be contacted by their local representatives for further information.

Where can I find more information about the scheme?

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