The Federal Government of Nigeria is excited to announce the launch of the MSME and Manufacturing segment of the Presidential 200 Billion Naira Fund.
🔗 Apply now: http://fedgrantandloan.gov.ng
We are pleased to commence the loan disbursement for MSMEs and the manufacturing sector following the closure of applications for the Presidential Conditional Grant Scheme. This initiative is designed to spur economic growth and enhance industrial development.
Fund Distribution:
75 Billion Naira allocated to MSMEs
75 Billion Naira allocated to Manufacturing
Our initial disbursements have successfully supported 1 million nano businesses across Nigeria, with more beneficiaries set to receive their grants this week.
For more information, visit your local state Bank of Industry branch or check the details in the attached PDF.
Loan Details:
MSMEs: Loans up to 1 Million Naira
Manufacturers: Loans up to 1 Billion Naira
Join us in strengthening our industries, creating jobs, and propelling national progress. The growth of your business is crucial to our nation’s future.
Thank you.
Signed
Hon (Dr) Doris Nkiruka Uzoka-Anite MD,CFA
Minister of Industry, Trade and Investment.
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