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NG Cares Stimulus Program – how to apply and be a beneficiary

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NG cares, which is a federal government initiative to support Nigerians affected by Covid19 pandemic, stands for National Covid19 Action Recovery & Economic Stimulus. To support the initiative, the World bank is the major supporter to the federal government of Nigeria, as they are using a grant known as the ‘World Bank Grant’ of seven hundred and fifty million US Dollars ($750,000,000) to immediately assist affected/poor Nigerians who falls under the following categories;

i. Small holders farmers affected by Covid19.

ii. Small and Medium Enterprise (SMEs) affected by Covid19.

This scheme will be active for a duration of two (2) years, i.e. 2021 to 2023. From 30th of June 2021, each States of the Federation will be given twenty million US Dollars ($20,000,000) for two years, apart from the FCT that will receive fifteen million US Dollars ($15,000,000), while another fifteen million US Dollars ($15,000,000) will go to the Federal Care support.

Expectations from targeted businesses

  1. Micro Businesses: Any micro business that wishes to be a beneficiary must have at least three to nine (3–9) employees/workers.

  2. Small Businesses: Any small scale business that would want to benefit from NG CARES must have at least ten to fifty (10–50) employees/workers.

Requirements

The following documents are required from Applicants;

  • BVN printout which must be stamped by the applicants bank,
  • Proof of Business Operations i.e Cash book, bank statement of account, etc,
  • CAC registration or TIN (To find out business ownership),
  • Evidence of accurate age (using Either Voters Card, NIN, or Driver’s license),
  • Means of Identification (Voters Card, NIN, or Driver’s license),
  • Means to confirm residence (Voter’s card or utility bill).

How to Apply NG Cares Stimulus Program

The procedures to be followed in applying are very simple, as the application form has already being shared with the following persons;

  • Community CDC chairman.
  • Agents of NG CARES.
  • Community women leaders.
  • Community youth president.

For further enquiries: You can click here to read more on the world bank personal page.

Source: Nyscinfo

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