The wait is over! The Federal Government has begun disbursing grants to verified applicants under the Presidential Conditional Grant Scheme (PCGS). This information comes from the Minister of Industry, Trade and Investment, Doris Uzoka-Anite.

Early Birds Get The Grant!

While an unspecified number of lucky applicants have already received their N50,000 grants, Minister Uzoka-Anite assures us that this is just the first wave. By Friday, April 19th, 2024, a "significant disbursement" will be made to another large group of verified applicants.

Don't Panic If You Miss Out This Round

The Minister emphasizes that the disbursement process is ongoing. Even if you haven't received your grant yet, there's no need to worry. As long as your application was verified, you'll be included in a later disbursement phase.

A Long-Awaited Boost for Businesses

This news comes after eight long months of anticipation since President Bola Tinubu first announced the grant program to support manufacturers and small businesses. It also follows a recent requirement for applicants to submit their National Identification Numbers (NINs) to finalize the verification process.

Overall, this is a positive step towards helping Nigerian businesses weather recent economic challenges. Keep an eye out for further updates on the disbursement process!

Another cookie jar for politicians to steal.

Same way Emefiele’s anchor borrower scheme was packaged only to be be discovered later that it was an heist.

By Friday, they will say they have disbursed to 95% of the applicants.

How may I get a piece of the Action?