60% presidential conditional grant scheme applicants have received funds

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The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this known in a post on her official X handle on Thursday.

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“The disbursement process is still ongoing, and we have allocated about 60% of the 1 million grants. You can track the number of beneficiaries per LGA paid so far on It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.While thanking applicants for their patience, Mrs Uzoka-Anite noted that the complete disbursement of N50,000 to one million applicants was delayed due to issues ranging from incorrect data to duplicate applications.

“We are also at the final stages of vetting for the MSME and manufacturing loans. Applications remain open, and disbursement will begin by July ending,” she noted. Other conditions include proof of residential/business address in the Local Government Area as well as relevant personal and bank account information, including Bank Verification, for verification of identity and National Identification Number .

 

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