FG SMEDAN CGS 50k Grant For Micro Businesses – Apply Now

Federal Government Launches CGS Grant Scheme to Boost Micro Businesses.

The Federal Government, in partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has introduced the Conditional Grant Scheme (CGS) to support micro businesses and encourage job creation. This initiative provides a N50,000 grant to qualified micro enterprises, conditional on employing at least one person.

 Eligibility Criteria

The CGS program is specifically designed for nano businesses operating at the Local Government Area (LGA) level. To qualify, businesses must meet the following conditions:

– Business Size: Nano businesses with minimal operations
– Location: Operating within LGAs
– Employment: Willingness to employ at least one person

 Benefits of CGS

Successful applicants will receive:

– Financial Assistance: N50,000 grant to support business growth
– Workforce Support: Funding to procure equipment and expand operations

 How to Apply

Interested and qualified applicants can apply through the SMEDAN website: visit [smedan.gov.ng]. The application process is straightforward, and applicants are encouraged to review the eligibility criteria before submitting their applications.

By launching the CGS grant scheme, the Federal Government aims to empower micro businesses, stimulate job creation, and contribute to the country’s economic growth.