FG Invites Nigerians To Apply For N50,000 Cash Grant, Releases Application Link (Applly Here)

Doris Uzoka-Anite, the minister of industry, trade and investment, has disclosed that the federal government will commence disbursement of N150 billion in loans to micro, small, and medium enterprises (MSMEs) at the end of July 2024.

The minister disclosed this in a post shared on X (formerly Twitter) on Thursday, June 27, 2024.

She also revealed that Nigerians still have opportunities to apply for the Presidential Conditional Grant Scheme.

According to her, the federal government has already disbursed 60% of the expected one million beneficiaries across Nigeria’s 774 local government areas without repayment obligations.

The minister stated, “The disbursement process is ongoing, and we have allocated about 60% of the 1 million grants.

“Applicants can track the status of disbursements per Local Government Area at https://grant.fedgrantandloan.gov.ng/learn-more/disbursement

She stated: “As we prepare for the commencement of MSME and manufacturing sector loans by the end of July, applications remain open. We encourage all eligible businesses to apply.”