The Ministry of Industry, Trade, and Investment has commenced the disbursement of a N200 billion palliative loan through the Presidential Conditional Grant Scheme. This initiative aims to provide support to manufacturers and businesses across the nation.
Trade Minister, Doris Aniete, confirmed the start of the disbursement process in a statement released on Tuesday, April 16, 2024. The statement highlighted that some beneficiaries have already received their funds.
The disbursement process is part of the government’s commitment to supporting the livelihoods and businesses of citizens. The administration, under President Bola Tinubu, emphasizes transparency and efficiency in this initiative.
While a significant disbursement is scheduled for Friday, April 19, 2024, it’s important to note that the disbursements are ongoing, with verified applicants expected to receive their grants in subsequent phases.
The ministry urges patience from applicants as they diligently process applications and ensures fairness in the disbursement process. Further updates will be provided as the initiative progresses, and the ministry expresses gratitude for the cooperation and understanding of applicants throughout the process.
Office of the Honourable Minister of Industry, Trade, and Investment
