Conditional Grant Scheme (CGS) Overview
The Conditional Grant Scheme (CGS) is a government initiative designed to support the growth of micro enterprises, particularly nano businesses at the Local Government Areas (LGAs) level. This program provides essential financial assistance to help these businesses thrive by enabling them to hire workforce and acquire necessary equipment.
Who is Eligible?
The CGS is specifically tailored for nano businesses operating at the local level. To qualify, businesses must possess a Certificate of Incorporation from the Corporate Affairs Commission (CAC), ensuring they are officially registered and compliant with government regulations.
Benefits of the CGS
Participants in the CGS receive financial support tailored to their specific business needs. Each eligible nano business can access a grant of ₦50,000, provided they commit to hiring at least one employee. This initiative not only supports individual businesses but also promotes job creation within the community.
By participating in the CGS, nano businesses can enhance their operational capabilities and contribute positively to local economies.
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