Federal Government Grant And Loan

According to Npower News, NIN is a major requirement for the federal government grant and loan, loan applicants who have already filled the form should simply log in and update their loan application with their NIN.

The federal government grant and loan is 

transforming businesses, improving lives.

revolutionizing financial support and a game-changer in economic empowerment.

The Target Sectors for the federal government grant and loan

Below are the businesses that are eligible to apply for the federal government grant and loan:

A) Traders can apply for the federal government grant and loan: Traders include single retail marketers, corner shop owners, petty traders, market men and women in open markets.

B) Food Services can apply for the federal government grant and loan:

Food services include food and vegetable Vendors.

C) ICT: ICT include business centre operators, battery chargers, recharge card vendors, call centre agents.

D) Transportation: Transportation include wheelbarrow pushers, independent dispatch riders.

E) Creatives: Creatives include makeup artists, fashion designers, drycleaners.

F) Artisans can apply for the federal government grant and loan 

Artisan include vulcanizers, shoemakers, painters, repairers.

The Federal Government of Nigeria will collaborate with the State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members, who will use the Federal Government’s selection criteria below to shortlist the beneficiaries of the federal government grant and loan from their constituents.

The target beneficiaries for the federal government grant and loan are 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is distributed to other demographics.

Eligible applications which meet the selection criteria will be shortlisted.

Applicants interested can apply for the federal government loan here > https://loan.fedgrantandloan.gov.ng/auth/loan-register