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The federal government says over 3.6 million Nigerians have applied for the Presidential Conditional Grant Scheme.
The scheme, which started March 9, 2024, offers financial grants of N50,000 without repayment obligations to eligible small business owners operating in various sectors such as trading, food services, ICT, transportation, creatives, and artisans in the 774 local government areas of the country. 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.
Meanwhile, the ministry also noted that there wasn’t any interference in the processes because the verification was a digital one so individuals would not need to be contacted after verification, but disbursements will happen automatically if they passed.
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