The Federal Government has continued the rollout of its Presidential Conditional Grant Scheme (PCGS), a ₦50,000 grant programme designed to support nano businesses across Nigeria.

Launched in December 2023 under the Presidential Palliative Programme, the initiative aims to provide one-time grants of ₦50,000 to one million nano businesses spread across the country’s 774 local government areas.

The grant is intended to help small business owners strengthen their operations, improve cash flow, and cushion the effects of economic challenges.

To identify beneficiaries, the Federal Government partnered with state governments, the Nigerian Association of Small and Medium Enterprises (NASME), ministers, senators, and members of the House of Representatives. Beneficiaries were shortlisted using the Federal Government’s approved selection criteria.

The government has also confirmed that the grant is a one-time payment, with each successful beneficiary receiving ₦50,000.

The programme forms part of broader efforts to support micro and nano enterprises, improve business resilience, and stimulate economic activity at the grassroots level.