The Nigerian government has revealed that over 1,000 nano businesses would benefit from the Presidential Conditional Grant Scheme, PCGS….CONTINUE READING
The PCGS is a N50 billion grant scheme to support eligible nano business owners and the FG said the grant will be disbursed to a minimum of 1,000 beneficiaries.
The Ministry of Industry, Trade, and Investment said it has set up three funds amounting to N200 billion in order to provide support to businesses throughout the country.
These funds will be disbursed by the Bank of Industry, BOI, and will carry an interest rate of nine per cent.
In a statement, Dr. Olasupo Olusi, the Managing Director/Chief Executive Officer of BOI, emphasized BOI’s dedication to the growth of MSMEs, recognizing their vital role in the economy.
