The federal government of Nigeria has given a new update on the payment of the N50,000 Conditional Grant Scheme to Nigerians
The government said payment is ongoing as 150,000 of one million targeted citizens have received disbursement.
The Minister of Trade and Investment, Doris Uzoka-Anite, disclosed this in a recent statement through her official X handle.
“Grant disbursements are ongoing; 150,000 of the 1 million targeted payments have been issued as of this week.
“If you’re verified and awaiting funds, we appreciate your patience. For full transparency, a list of all beneficiaries will be released upon completion,” she said.
The grant disbursement, which commenced last week, is part of the President Bola Ahmed Tinubu administration’s effort to cushion the impact of fuel subsidy removal.
Meanwhile, the Minister had previously announced that the deadline for registering for the grant scheme is April 17, 2024.
Despite the stated deadline, she encouraged those who have not yet registered to proceed with their applications.
She noted that there is still a chance for late registrants to become beneficiaries of the grant, suggesting a possible flexibility in the registration process.
“Missed the grant application? You might still qualify for an MSME loan. Check your eligibility at our official website where applications are still open.
“You are also invited to visit your closest Bank of Industry branch. A list was published in an earlier tweet. Thank you for your patience as we work towards assisting everyone eligible,” she said.
What you should know
DAILY GIST recalls that the Tinubu-led administration had announced the Presidential Conditional Grant Scheme (PCGS) to empower nano businesses as part of the Presidential Palliatives Programme.
