FG rolls out scheme to empower nano businesses across Nigeria

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FG rolls out scheme to empower nano businesses across Nigeria
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Beneficiaries of the initiative have been selected through a rigorous process that includes the verification of each business owner through their National Identification Number (NIN) and Bank Verification Number (BVN), a statement said Sunday.

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The PCGS targets 70 per cent women and youth, 10per cent people with disabilities, and 5 per cent senior citizens, with the remaining 15 per cent distributed to other demographics. With a target of 1,000,000 beneficiaries in every LGA and the FCT, the programme has the potential to impact communities nationwide significantly. Beneficiaries of the initiative have been selected through a rigorous process that includes the verification of each business owner through their National Identification Number and Bank Verification Number .

Applicants also provided proof of residential/business address and relevant personal and bank account information before the 18 December 2023 deadline.With a strong emphasis on inclusivity and empowerment, the PCGS is poised to make a tangible impact on the lives of small business owners and their communities across Nigeria. The initiative is implemented by the Federal Ministry of Industry, Trade and Investment with the Bank of Industry as the Executing Agency.

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