The Federal Government has commenced the distribution of the N200 billion Presidential Conditional Grant Scheme to verified applicants, a move spearheaded by President Bola Tinubu’s administration with the goal of providing financial assistance to eligible individuals, empowering them to pursue their aspirations and goals.
The Bank of Industry has outlined plans to disburse three categories of funding to support manufacturers and businesses nationwide.
In a recent update posted on X (formerly Twitter), Doris Anite, the Minister of Industry, Trade and Investment, provided insights into the progress of the grant disbursement.
Anite disclosed that some beneficiaries have already received their grants and announced another round of disbursement scheduled for Friday, April 19, which will benefit additional verified applicants.
She stated, “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, April 19, 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.”
Anite urged stakeholders to exercise patience, emphasizing the government's commitment to ensuring a smooth and transparent process. She also highlighted collaborative efforts with telecommunications providers to address initial delays in NIN verification and application continuation.
“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,” the statement concluded.
