By Sunday Etuka, Abuja
The Federal Government has officially begun the disbursement of N50,000 Presidential Conditional Grant to successful applicants.
The grant was designed to reach one million Nano businesses in the 774 local government areas.
Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anita who gave the update on Tuesday said, a number of beneficiaries have already received their grants, marking the beginning of the phased disbursement strategy.
“We are pleased to inform you that the disbursement process for the Presidential Conditional Grant Programme has officially commenced”, the Minister said.
She noted “the President Bola Tinubu Administration understands the importance of these grants in supporting the livelihoods and businesses of our citizens, and this is why we are committed to ensuring a smooth and transparent process”.
Dr. Uzoka-Anita disclosed that the Ministry, in collaboration with the telecommunications providers, has successfully resolved the initial delays in sending out short codes for NIN verification and application continuation.
She further disclosed that by Friday, 19th April 2024, a significant disbursement would be made to a substantial number of verified applicants.
She, however, clarified “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.
“We ask for your patience as we continue to process the applications with the utmost diligence and fairness. The phased disbursement plan has been designed to ensure that each application is given the consideration it deserves.
“Stay tuned for further updates, and we sincerely thank you for your patience and understanding throughout this process. Your contribution to the economic growth of our nation is invaluable, and we look forward to achieving more together”, she said.
