2021 Nigeria Covid-19 Recovery & Economic Stimulus (NG-CARES)-(500k To 2.5M)

2021 Nigeria Covid-19 Recovery & Economic Stimulus (NG-CARES)-(500k To 2.5M); The Nigeria covid-19 recovery and economic stimulus (NG-CARES) programme is an intervention, designed to restore the livelihoods of all Nigerians poor and vulnerable Citizens, maintaining food security, and facilitating recovery of micro, small and medium business

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Targeted Beneficiaries are Businesses owned by all States in Nigeria, especially youth and women led businesses.

Target Businesses

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Micro businesses (3-9 employees)

Small businesses (10-50 employees)

GRANT TYPE

Grant Sizes

1) Micro credit grant (Minimum N 100.000.00; Maximum N 500.000 00)

2) Small operational grant (Above N 500,000.00; Maximum N 2.500, 000.00)

Credit Grant For Existing Businesses:

This grant is expected to cover 40, of the amount of new loans originated after March 1st 2020.

Operational Grant:

This is to fund working capital requirements of businesses

Supporting Documents

Proof of Bank Verification Number (BVN Printout duly stamped by the Bank)

Proof of business operations (Cash Book Register, Bank Statement etc.)

Proof of business ownership (CAC Registration Documents, TIN)

Proof of identification (NIN, Driver’s License, Voter’s Card. etc.)

Proof of residence (Utility Bills, Voters Card)

Proof of age (NIN, Voter’s Card, Driver’s License)

How To Register For Ng-Cares Intervention Program

To apply contact your community CDC chairman, woman leader or youth president for registration information – registration forms have been shared to these persons.

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