The Federal Government of Nigeria, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has introduced a ₦50,000 grant targeted at micro and small businesses for 2025. The grant is now open for applications via the official registration portal.
The initiative is part of a conditional grant scheme structured to support enterprises operating at the local government level.
Contents
Summary of Key Grant Details
| Item | Details |
|---|---|
| Amount | ₦50,000 per qualified business |
| Eligibility | Micro and nano businesses in Nigeria |
| Focus Groups | Women, youths, persons with disabilities, senior citizens |
| Managing Agency | SMEDAN (Federal Government agency) |
| Application Method | Online and via SMEDAN-designated offices |
| Purpose | Business support, employment generation, equipment purchase |
Eligibility Criteria
Applicants must meet the following conditions:
- Must operate a micro or nano business
- Must reside in Nigeria
- Must possess valid identification (e.g., NIN)
- Must be willing to provide business details and proposed use of funds
- Priority groups include:
- 70%: Women and youth
- 10%: Persons with disabilities
- 5%: Senior citizens
- 15%: Other eligible applicants
READ ALSO: How to Apply for NAPEP Training and ₦100,000 Grant in 2025 (Plus Micro-Credit): Step-by-Step Guide
Qualified Business Categories
SMEDAN has stated that the grant is intended for small-scale businesses such as:
- Tailoring shops
- Barber shops
- Food stalls
- Roadside kiosks
- Welding and mechanic workshops
- Small bakeries
- Other informal sector businesses
Approved Use of Grant Funds
The ₦50,000 grant may be used for the following purposes:
- Purchase of tools or small equipment
- Shop expansion or repairs
- Business-related training
- Basic marketing
- Business improvement initiatives
Proposals must indicate specific and reasonable use of the funds.
READ ALSO: What Happens After You Apply for NAPEP 2025? Here’s the Real Timeline
Monitoring and Reporting Requirements
Recipients may be subject to the following:
- Submitting brief usage reports
- Participating in monitoring visits from SMEDAN or other authorized officers
- Attending brief training sessions where required
These steps are part of accountability measures tied to the Conditional Grant Scheme.
Application Process
To apply, follow these steps:
- Go to the official registration portal:
https://fgtvet.org.ng/fg-opens-n50000-business-grant/ - Complete the online application form with accurate personal and business details
- Upload any supporting documents requested (e.g., ID, business photo, registration certificate)
- Provide a short explanation of how the ₦50,000 grant will be utilized
- Submit and await further instructions
No third-party agent is required, and there is no application fee.
Advisory
The application portal will remain open for a limited time. Interested individuals are advised to submit their applications as soon as possible. Once the allocated number of beneficiaries is reached, the portal may be closed.
Conclusion
The ₦50,000 business grant is a structured financial support program introduced by the Federal Government for 2025. It is designed to support micro-enterprises across Nigeria. Applications are processed through the official SMEDAN portal, and only verified businesses will be selected under specified categories.
Official Source
The full grant details and official application page are available on the FGTVET grant information page published by the Federal Government.
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