Jubilation as Tinubu’s Govt Begins Disbursement of N200bn Palliative Loans, Details Emerge
- The minister for industry, trade and investment, Doris Aniete said the federal government has begun disbursement of the Presidential Conditional Grant Scheme.
- Aniete said some verified applicants have received their palliative loan after an exhaustive selection process
- She disclosed that disbursement will be made to another set of verified applicants on Friday, April 19
Legit.ng journalist Adekunle Dada has over 5 years of experience covering metro and government policy
FCT, Abuja - President Bola Ahmed Tinubu-led federal government has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process.
The minister for industry, trade and investment, Doris Aniete made this known via her X handle (formerly known as Twitter) @DrDorisAnite, on Tuesday, April 16.
Source: Facebook
Aniete said an unspecified number of beneficiaries have received their grants.
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She added another significant disbursement will be made to a substantial number of verified applicants on Friday, April 19.
“We are pleased to inform you that the disbursement process for the Presidential Conditional Grant Programme has officially commenced. Some beneficiaries have already received their grants, marking the beginning of our phased disbursement strategy.”
The government, through the Bank of Industry, had said it would be disbursing three categories of funding totalling N200bn to support manufacturers and businesses across the country.
The minister urged the applicants to be patient as the ministry works to process all applications with fairness.
She said the role of business owners and manufacturers in Nigeria's growth is crucial and the federal government is here to support them.
Tinubu's govt to distribute free palliatives to Nigerians
Meanwhile, Legit.ng reported that Abubakar Kyari, minister of agriculture and food security said Tinubu's administration will distribute free grain palliatives to needy Nigerians,
Kyari disclosed that this is part of the Tinubu government's ongoing efforts to reduce hunger and hardship in the country.
The minister said necessary machinery and measures had also been put in place to further ensure that only needy individuals and communities accessed the food palliatives. Kyari stated that the government believed that the current food inflation was due to market forces of demand and supply.
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Source: Legit.ng
