By Busari Kabirat
The distribution of the Presidential Conditional Grant Scheme to verified applicants have commenced by the Ministry of Industry, Trade, and Investment, following the process of selection.
The funding of N200bn would be done in three categories through the Bank of Industry to support bank businesses and manufacturers nationwide.
Doris Aniete, who is the trade minister, had on Tuesday via her X social media handle posted that some number of beneficiaries have started receiving their grants.
She said, “We are pleased to inform you that the disbursement process for the Presidential Conditional Grant Programme has officially commenced. Some beneficiaries have already received their grants, marking the beginning of our phased disbursement strategy.”
“By Friday, 19th April 2024, a significant disbursement will be made to a substantial number of verified applicants. It is essential to understand that disbursements are ongoing, and not all applicants will receive their grants on this initial date. However, rest assured that all verified applicants will eventually receive their grants in subsequent phases.”
This is coming to reality over eight months after President Bola Tinubu announced the grant for manufacturers and small businesses and two weeks after applicants were directed to submit their National Identification Numbers as part of the requirements to obtain the grant.
