Good news for Nigerian business owners! The federal government has launched a new program called the Presidential Intervention Fund, with N200 billion set aside to help small businesses grow.
Who is Eligible?
- Existing businesses that have been operating for at least one year
- Registered startups
Requirements
- Proof of business (CAC documents)
- Bank statements (company statements for existing businesses, personal statements for startups)
- Evidence of good business performance (minimum monthly revenue set by the bank)
- Guarantees and agreements (personal guarantee and adherence to bank rules)
Eligible Business Types
- Shops (stores, corner shops, petty traders, market sellers)
- Food vendors
- Tech businesses (business center operators, phone charger and recharge card sellers, call center agents)
- Transportation (wheelbarrow pushers, independent delivery riders)
- Creative fields (makeup artists, fashion designers, dry cleaners)
- Service providers (vulcanizers, shoemakers, painters, repair shops)
How to Apply
Online
Bank branch
Visit your local Bank of Industry branch
Don't miss out on this opportunity to take your business to the next level!
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