Latest Update Regarding disbursement of N50,000 FG grant
Friday 3 May 2024
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Latest Update Regarding disbursement of N50,000 FG grant
The Federal Ministry of Industry, Trade and Investment has announced that the N50,000 grant program for nano businesses covering one million applicants across the country is still in progress, noting that it will be completed by end of this month.
Doris Uzoka-Anite, Minister in charge of the programme, made this disclosure in a frequently asked questions (FAQ) circular issued on Thursday on her official X (formerly Twitter) account.....CONTINUE READING THIS ARTICLE
According to Uzoka-Anite, the application for the scheme has ended and all remaining successful applicants will receive their alerts between now and the end of May.
“Many have already received their grants—thank you for your patience! For those waiting, please hold tight.
“The disbursement process is ongoing in batches and not yet completed. All remaining successful applicants will receive their alerts between now and the end of May. No further action is needed on your part for now.
“The application portal was closed at midnight on April 17, 2024.
“The disbursement is currently in progress and processed in batches. It is expected to be completed by the end of May 2024.
For those who missed out on the nanobusiness grant, you may be eligible for a single digit interest loan. Applications are still ongoing at fedgrantandloan.gov.ng,”
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