The Federal government has begun the disbursement process of the Presidential Conditional Grant Programme after a thorough screening procedure.
Through the Bank of Industry, three categories of funding totaling N200bn palliatives loans to help manufactures and businesses are to be shared across the country.
Some number of beneficiaries have received their payment while a significant proportion of confirmed applicants will receive their disbursement by Friday 19 April 2024 as stated by Doris Aniete on the trade minister’s official X on Tuesday.
As the disbursement are ongoing, It is crucial to realize that not every applicant will receive their grant on this first date while other confirmed applicants will eventually get theirs in later stages.
This comes two weeks after applicants were asked to submit their National Identity Numbers as a requirement to obtain the grants intended to reduce the impact the recent economic reforms have had on businesses in the nation. This is coming more than eight months after President Bola Tinubu announced the grant for manufacturer and small businesses.
Join our WhatsApp community via https://goquick.ly/cj8q2 for instant and latest news updates.