700,000 applications verified’
A massive boost to reflate the economy is underway, Minister of Industry, Trade and Investment, Doris Uzoka-Anite said yesterday.

Seventy-five major companies will get N1 billion single-digit loan disbursement next month, while another N125 billion will be given out as loans to Micro, Small and Medium Enterprises (MSMEs), she said.

Dr. Uzoka-Anite, said the financial support follows the verification of over 700,000 applications.

She spoke during a visit to the Cross River State Governor Bassey Otu and an interaction with beneficiaries of the presidential grant and prospective beneficiaries of loans to MSMEs.

The minister said: “The 660,320 nano beneficiaries, representing over 60 per cent of the targeted one million, have received disbursements across 774 local governments.”


She spoke during a visit to the Cross River State Governor Bassey Otu and an interaction with beneficiaries of the presidential grant and prospective beneficiaries of loans to MSMEs.

The minister said: “The 660,320 nano beneficiaries, representing over 60 per cent of the targeted one million, have received disbursements across 774 local governments.”

wwwtortoise:
Horse-shit palliative policies.
All these giveaway are not sustainable even if the real farmers get 100% of the funds, which I am certain they won’t.

Tackle insecurity
Abolish food commodity boards

Who do Nigeria?

TheRealestGuy:
Where, when and how were these companies selected?

Is there any website where businesses can apply?

Which bank or banks is the FG partnering with to give out these loans?

Once there's no transparency, then it's another avenue for embezzlement.

What sort of blatant criminality is this?

May Tinubu not end Nigeria o

nurey:
Inflation, low purchasing power of the buyers and the cost of goods and services no go make person collect loan.

People are seriously cutting down on spending and to sell goods now is a big problem

But

Agriculture is life people must eat even when they riot.

HenryThegreat1:
Anything tinubu promise to do is media talk.

emmanuelbrown26:
Not again
Why's tinubu so useless, I mean how could a sensible human being believes so much in doing tings all in d name of palliative or disbursement.
How many businesses got dis money?
What factors did they consider before disbursing this money?
They hv already disbursed 60 fvking percent, wow!!! Tinubu congratulations
Welll history will always remember that west and north destroyed this country and I'm happy for that.

franchasofficia:
How did they register for this because my small company deserve this money to avoid shutting down and sacking employees.


Someone tell me how to enroll my company for this or is this another Bulaba "subsidy is gone" while paying more money to subsidize the same petrol behind the scene?