PalmPay Opens Hustle Grant: Nigerians Can Win N500,000 for Their Side Businesses
- Palmpay, the digital payment company, has launched the Palmpay Hustle Grant to help Nigerians with side businesses
- The initiative is created to help hustlers, small business owners and entrepreneurs to scale their businesses
- The grant is open to all Nigerians who meet the requirements and follow the application process
CHECK OUT: How to Start Earning with Copywriting in Just 7 Days – Even if You’re a Complete Beginner
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
PalmPay, one of Nigeria’s fast-rising fintech platforms, has announced the PalmPay Hustle Grant, a funding initiative created to empower everyday hustlers, small business owners, and dream-driven entrepreneurs.
The program promises N500,000 cash awards to selected applicants whose stories and businesses stand out for passion, resilience, and impact.
Source: Getty Images
Who can apply?
According to the company, the Hustle Grant is aimed at giving ordinary Nigerians the resources to expand their side hustles and businesses, especially in a period when many struggle with inflation and limited access to capital.
PalmPay says the opportunity is open to all Nigerians running side hustles, small businesses, or entrepreneurial projects.
The key requirement is that applicants must be able to share an authentic and inspiring story about their hustle, including the challenges they face and their vision for the future.
Applicants should also show how receiving N500,000 will transform their hustle, whether by expanding operations, hiring more hands, or investing in better tools and technology.
Steps to apply for the Hustle Grant
- PalmPay has made the application process straightforward, focusing on storytelling and social media engagement. Interested applicants should:
- Create a 60-second video explaining their hustle, why they love PalmPay, and how N500,000 would change their business.
- Post the video on Instagram, TikTok, or Twitter (X) with the hashtag #PalmPayHustleGrant and tag PalmPay.
- For Facebook users, the video can be submitted under the pinned post on PalmPay’s official page.
Why you should apply
- PalmPay highlights several benefits for successful applicants:
- N500,000 cash prize to grow their hustle or business.
- Public recognition, with the chance to showcase their stories to a broader audience.
Inclusion in a community of inspiring Nigerian hustlers.
The company believes this initiative will not only provide financial support but also motivate other young Nigerians to pursue their entrepreneurial dreams despite economic challenges.
Source: UGC
Driving financial inclusion and support
PalmPay’s Hustle Grant ties into wider efforts by private and public institutions to ease the financial struggles of Nigerians.
Similar to government-backed schemes like the Conditional Cash Transfer and initiatives encouraging small-scale entrepreneurship, PalmPay is stepping in to provide direct support to individuals who are willing to take bold steps in business.
By combining digital banking tools with financial empowerment programs, PalmPay aims to reinforce its role as more than just a fintech platform; it wants to be a partner in growth for everyday Nigerians.
A Palmpay provides Nigerians opportunity
With a chance to win N500,000, the PalmPay Hustle Grant offers a golden opportunity for side hustlers and entrepreneurs to scale their businesses.
The process is simple, transparent, and heavily reliant on authentic storytelling.
For Nigerians looking to take their hustle to the next level, this might just be the spark they’ve been waiting for.
FG offers N50k small business grants to Nigerians
Legit.ng earlier reported that the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a series of strategic schemes to support entrepreneurs, drive economic growth and boost the capacities of MSMEs nationwide.
The SMEDAN Conditional Grant Scheme for Micro Enterprises is targeted at nano and small businesses.
The scheme supports nano businesses by providing conditional financial grants for workforce support and equipment procurement.
Source: Legit.ng
