Npower News: Federal Government Grant And Federal Government Loan

According to Npower News, the federal government in conjunction with the Ministry for Industry, Trade And Investment and the Bank of Industry (BOI) have introduced the Federal Government Grant And Federal Government Loan.

The Target Sectors for the federal government grant and federal government loan 

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

Traders

These include single retail marketers, corner shop owners, petty traders, market men and women in open markets

Food Services

These include food and vegetable Vendors

ICT

These include business centre operators, battery chargers, recharge card vendors, call centre agents

Transportation

These include wheelbarrow pushers, independent dispatch riders

Creatives

These include makeup artists, fashion designers, drycleaners.

Artisans

These include vulcanizers, shoemakers, painters, repairers.

The Federal Government will partner 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 from their constituents.

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

Apply Now

Eligible applications which meet the selection criteria will be selected.