The Federal Government of Nigeria has introduced the ₦50,000 Conditional Grant Scheme (CGS) for 2025, aimed at supporting nano-businesses and boosting job creation at the grassroots level. This program, coordinated by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), provides financial relief to small entrepreneurs while ensuring beneficiaries contribute to employment growth.
If you are a small business owner in Nigeria, here’s a step-by-step guide on how to apply for the ₦50,000 grant.
Contents
1. Confirm Your Eligibility
Before applying, ensure your business meets the requirements:
- You must own a nano-business such as food vending, tailoring, shoe-making, mobile phone repairs, petty trading, or other micro-enterprises.
- You must provide your National Identification Number (NIN).
- You should have proof of your business location (utility bill, shop address, etc.).
- You must commit to hiring at least one additional worker after receiving the grant.
Priority Groups
The Federal Government has reserved slots for the following categories:
- 70% – Women and youth.
- 10% – Persons with disabilities.
- 5% – Senior citizens (60 years and above).
- 15% – Other applicants.
2. Prepare Your Documents
To avoid delays, gather these documents before you start the application:
- NIN (mandatory).
- Proof of business address (utility bill or letter from community head).
- Business proposal explaining how you will use the ₦50,000.
- Bank details linked to your BVN for payment.
3. Visit the Official SMEDAN Portal
Go to the official SMEDAN application page:
smedan.gov.ng/our-programs/cgs/
Important: This is the only official platform. Avoid fake websites or individuals asking for payment to apply.
4. Register and Fill the Application Form
- Create an account on the portal.
- Fill in your personal details (name, phone number, email).
- Provide your business information (business name, LGA, and type of business).
- Upload your documents, including your business proposal.
5. Submit and Await Confirmation
After filling out the form:
- Double-check all details for accuracy.
- Submit your application.
- You should receive a confirmation message (email or SMS).
6. Verification and Approval
SMEDAN will review your application. If approved:
- You’ll receive a notification.
- The ₦50,000 grant will be credited directly into your bank account.
- You will be required to employ at least one additional worker to comply with the scheme’s conditions.
7. Monitoring and Compliance
After disbursement, SMEDAN officials may follow up to ensure the funds are used properly and that you have hired an additional employee as required.
Why This Grant Matters
The ₦50,000 Conditional Grant Scheme is more than financial aid. It is part of the Federal Government’s broader plan to:
- Empower nano-businesses.
- Reduce poverty across Nigeria.
- Tackle unemployment through job creation.
- Support women, youth, and vulnerable groups.
If you own a small business in Nigeria, the ₦50,000 FG Conditional Grant Scheme is a valuable opportunity to expand and grow. Prepare your documents, visit the official SMEDAN portal, and apply now to secure your chance.
Apply here: SMEDAN CGS Portal
