FG’s N50,000 Grant: 800,000 Nigerians to Benefit Before May 31.
Abuja, Nigeria – The Federal Government’s N50,000 grant for nano business owners has begun disbursing funds to beneficiaries, with at least 200,000 small business owners having received payment so far.
According to the Minister for Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, an additional 800,000 beneficiaries will receive their grants before the program closes on May 31. This will bring the total number of beneficiaries to the targeted 1,000,000 Nigerians across the 774 local government areas.
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The minister confirmed that approximately 3.6 million applications were received, from which the beneficiaries were selected randomly based on those who met the conditions. She also stated that N50 billion has been allocated in the 2024 budget for disbursement.
This initiative aims to support small business owners and nano-entrepreneurs, boosting economic growth and development across the country. With the grant, beneficiaries can expand their businesses, create jobs, and contribute to the nation’s economic prosperity.
The Federal Government’s commitment to empowering small business owners and stimulating economic growth is evident in this program.
As the deadline approaches, eligible beneficiaries are encouraged to check their status and receive their grants before May 31.
