Only one million of the 3.6 million applications for the Presidential Conditional Grant Scheme will receive funding, according to a statement released on Thursday by the Federal Government’s Ministry of Industry, Trade, and Investment.
The program provides qualifying small business owners in the 774 local government areas of the nation with grants of N50,000 without repaying.
These owners operate in a variety of sectors, including commerce, food services, ICT, transportation, creative industries, and artisanship.
Its target demographics were seventy percent women and young people, ten percent persons with impairments, and five percent older citizens. The remaining fifteen percent went to other groups.
The ministry, in a Frequently Asked Questions and Answers generated by our correspondent on its website on Friday, said, “Disbursements aren’t based on any specific criteria, but in the order, applications are verified. The goal is to reach an estimated 1,290 beneficiaries per LGA across the country, totalling one million.
“Disbursement is also subject to verification of NIN, which became mandatory after the initial application phase and required only BVN. The selection is random, without human intervention, from those who have passed their NIN and BVN verification.” [CONTINUE READING HERE]
DISCLAIMER
For publication of your news content, articles, videos or any other news worthy materials, please send a mail to thefreshreporters@gmail.com
Join Other Great Readers, FOLLOW us On WHATSAPP>> https://chat.whatsapp.com/DN0y4bGIbVI4II6aNcPssb
Join Other Great Readers On TELEGRAM>> https://t.me/freshreporters
For Advert and other info, Click this link to send a Message to the Admin https://freshreporters.com/advertise/