BREAKING: FG Begins Disbursement Of N200 Billion Grants

Verified applicants are now receiving payments under the N200 billion Presidential Conditional Grant Scheme from the Bola Tinubu-led Federal Government.

 This was announced on Tuesday by Doris Uzoka-Aniete, the Minister of Industry, Trade, and Investment, in a post on her official X account.

 Remember that the federal government announced it would be providing N200 billion in funding over three years to boost manufacturers and businesses around the nation through the Bank of Industry.

 Aniete announced in a progress report that the phased payment plan has commenced with the receipt of awards by an undisclosed number of beneficiaries following a rigorous screening process

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The minister added that by Friday, April 19, another significant disbursement will be made to a substantial number of verified applicants.

She wrote, “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.”