Enterprise Support

Presidential Conditional Grant Scheme (PCGS)

The Presidential Conditional Grant Scheme (PCGS) is a Federal Government grant programme designed to support eligible nano businesses with direct financial assistance to help sustain and strengthen small-scale economic activity. The scheme was established as part of the Federal Government’s MSME intervention package following the removal of the petrol subsidy.
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PROGRAMME OVERVIEW

Understanding the Programme

Understand what the programme does, who it is designed to support, how it is delivered and the legal framework behind it.

ABOUT THE PROGRAMME

The Presidential Conditional Grant Scheme (PCGS) is a Federal Government grant programme designed to support eligible nano businesses with direct financial assistance to help sustain and strengthen small-scale economic activity. The scheme was established as part of the Federal Government’s MSME intervention package following the removal of the petrol subsidy.

TARGET POPULATION

Eligible nano businesses and very small-scale operators, including traders, artisans, food vendors, transport workers, ICT businesses, creatives and other qualifying informal or micro-scale enterprises, subject to the scheme’s applicable eligibility requirements.

LEGAL / POLICY BASIS

Federal Government’s ₦200 billion MSME intervention programme established to support businesses following the removal of the petrol subsidy.

AT A GLANCE

PROGRAMME TYPE

Enterprise Support

LEAD MINISTRY

Federal Ministry of Industry, Trade and Investment (FMITI)

IMPLEMENTING AGENCY

Bank of Industry (BOI)

CURRENT PHASE

COVERAGE & DELIVERY

Where the Programme Operates and How It Reaches Beneficiaries

See where the programme operates, who is eligible to access it and how support moves from application through assessment and delivery.

 

GEOGRAPHIC COVERAGE

Nationwide — all 36 states and the Federal Capital Territory.

WHO IS ELIGIBLE?

Eligible nano business owners operating in qualifying sectors, subject to the scheme’s applicable requirements and verification procedures. Applicants were required to provide relevant personal and banking information, including BVN and NIN, together with proof of business/residential address.

PROGRAMME START

09/03/2024

HOW IT IS DELIVERED

How the Programme Is Delivered

01
APPLICATION

Eligible nano business owners submitted applications through the designated Federal Government process.

02
VERIFICATION

Applicant and business information was verified using applicable identity, banking and location requirements, including NIN and BVN.

03
ELIGIBILITY ASSESSMENT

Applications were assessed against the scheme's eligibility requirements and target beneficiary categories.

04
GRANT DISBURSEMENT

Approved beneficiaries received the ₦50,000 conditional grant through the designated payment process.

05
IMPLEMENTATION & REPORTING

BOI monitored implementation and reported beneficiary reach and disbursement outcomes across the states, FCT and LGAs.

METRICS & OUTCOMES

What the Programme Has Reported

Key figures from official programme reporting, shown with their reporting dates and evidence basis so that scale is not confused with independently measured impact.

957,400
PCGS beneficiaries reached in 2025
2025
₦44.1 billion
PCGS funds disbursed
2024
883,385
Businesses benefited
2024
REPORTED OUTCOMES

What the Programme Reports

BOI reported that the PCGS provided financial support to nano businesses across all 36 states and the FCT. Its 2024 reporting recorded ₦44.1 billion disbursed, 883,385 businesses benefiting and coverage of all 774 LGAs. BOI subsequently reported that the scheme reached 957,400 beneficiaries in 2025.

INDEPENDENT EVIDENCE

What the Available Evidence Shows

Independent evidence establishing the longer-term effects of the PCGS on business survival, employment, income or productivity remains limited in the sources currently documented for this programme.

EVIDENCE & VERIFICATION

Check the Record

Review the primary source, reporting date, verification record and evidence limitations behind the information presented on this page.

PRIMARY SOURCE

Bank of Industry (BOI)
Ministry / Agency
26/09/2026

VERIFICATION

What the Record Establishes

LAST VERIFIED

26/09/2026

VERIFICATION NOTES

PCGS figures should be reported with their source year and reporting context. BOI’s 2024 Annual Report records ₦44.1 billion disbursed and 883,385 businesses benefiting, while BOI and the State House subsequently reported 957,400 beneficiaries during 2025. These figures represent different reporting periods and should not be combined as a single cumulative figure without a clearly defined methodology.

LIMITATION

The available official sources establish programme reach and disbursement, but they do not by themselves establish the programme’s long-term causal effects on business survival, income, employment or productivity.
FREQUENTLY ASKED QUESTIONS

Questions People Ask

Clear answers about the programme, eligibility, delivery, application process and how to access support safely.

What is the Presidential Conditional Grant Scheme?

PCGS is a Federal Government grant programme designed to provide financial support to eligible nano businesses.

How much was the PCGS grant?

The grant was ₦50,000 per eligible beneficiary.

Who was the programme designed to support?

The scheme targeted eligible nano businesses, including traders, food vendors, transport operators, artisans, ICT businesses and creatives.

Was the PCGS a loan?

No. PCGS was structured as a grant and did not require beneficiaries to repay the ₦50,000 grant.

Did the programme operate nationwide?

Yes. The programme was designed to reach businesses across all 36 states, the FCT and the 774 LGAs.

How were applicants verified?

The implementation process included identity and banking verification requirements, including NIN and BVN, together with other eligibility information.

Should I pay an agent to obtain a PCGS grant?

No. Users should rely only on official government and BOI channels for information and should be cautious of anyone requesting money, passwords, PINs or other sensitive information in exchange for programme access.

SAFE ACCESS

Use the Official Channel

Access the programme through its official website and service portal. Never rely on unofficial agents or links when submitting personal or financial information.

01

Official Website

Use the programme's official website for verified information, updates and programme guidance.

Visit Official Website
02

Official Access

Use the designated official channel when applying, registering or accessing programme services.

Access Programme
03

Official Support

Use the programme’s official website for current support and contact information.
04

Fraud Warning

PCGS applicants and beneficiaries should use only official government and BOI channels. Do not pay unofficial agents for access, approval or disbursement, and do not disclose passwords, PINs or OTPs to anyone claiming to represent the programme.