Another 800,000 Nigerians To Receive ₦50,000 Grant Before May 31 – FG

 


The Minister for Industry, Trade, and Investment, Dr. Doris Uzoka-Anite has provided an update on the ₦50,000 grant to nano business owners.

In a press release issued over the weekend, Uzoka-Anite stated that beneficiaries of the scheme have commenced receiving alerts from the Federal Government.


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Only 1m Nigerians Out Of 3.6m Applicants Will Get N50,000 Grant – FG

More than 200,000 small business owners have already received the payment, with an additional 800,000 individuals expected to receive their grants before the program’s conclusion on May 31.

The minister said the initiative aims to reach 1,000,000 Nigerians across all 774 local government areas. Beneficiaries were selected randomly from 3.6 million applicants who met specified criteria.

The initiative, introduced as part of palliative measures to alleviate the impact of petrol subsidy removal, is supported by a ₦50 billion budget allocated in the 2024 budget.

Dr. Uzoka-Anite explained that the application portal was closed due to overwhelming demand, with over 3.6 million applications received.

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