This article gives updates to the current disbursements of the long awaited grant from FG to the selected Nigerians across the 774 LGAs in the country.
In the month of December 2023 as part of the Presidential Palliatives Program, the Federal Government allocated N200 billion to support micro-businesses. Originally scheduled for March 9, 2024, the Trade Grant Scheme targets sectors like trading, food services, ICT, transportation, creative arts, and artisans, offering non-repayable financial grants.
This newly development follows President Tinubu’s announcement eight months ago regarding grants for manufacturers and small businesses. It also follows a recent directive for applicants to submit their National Identification Numbers (NINs) to ease the impact of recent economic reforms on businesses in the country.
In a statement last Wednesday, the minister announced the start of distribution. However, she mentioned that verified applicants would receive grants in subsequent phases as the ministry continues to gather verified data from the states.