marshman293:
President Bola Tinubu’s government has announced the commencement of disbursement of palliative loans to support manufacturers and businesses across the country.

The minister of Industry, Trade and Investment Doris Aniete, made the announcement in a tweet on Tuesday, April 16.

According to the minister, the disbursement of loans under the Presidential Conditional Grant Scheme to verified applicants has finally kicked off after an exhaustive selection process.

The government, through the Bank of Industry (BOI), had said it would be disbursing three categories of funding totalling N200 billion to support manufacturers and businesses across the country.

Aniete stated that an unspecified number of beneficiaries have received their grants.

She noted that by Friday, April 19, another significant disbursement will be made to a substantial number of verified applicants.

She said: “We are pleased to inform you that the disbursement process for the Presidential Conditional Grant Programme has officially commenced. Some beneficiaries have already received their grants, marking the beginning of our phased disbursement strategy.

“By Friday, 19th April 2024, a significant disbursement will be made to a substantial number of verified applicants. It is essential to understand that disbursements are ongoing, and not all applicants will receive their grants on this initial date. However, rest assured that all verified applicants will eventually receive their grants in subsequent phases.”

This is coming over eight months after President Tinubu announced the grant for manufacturers and small businesses.

The grant is earmarked to cushion the effect that recent economic reforms have had on businesses in the country.

In the address, the president said he was determined to strengthen the manufacturing sector, increase its capacity to expand, and create good-paying jobs.

“We are going to spend N75 billion between July 2023 and March 2024. Our objective is to fund 75 enterprises with great potential to kick-start sustainable economic growth, accelerate structural transformation, and improve productivity.

‘’Each of the 75 manufacturing enterprises will be able to access N1bn credit at 9 per cent per annum with a maximum of 60 months repayment for long-term loans and 12 months for working capital,” Tinubu said.

God, let all verified applicants including myself receive this grant ooo, it will go a long way...............beside, how do someone know he or she has been verified .....note, I have submitted my NIN successfully.

Only those who received a text message from them to be verified will be paid

Who has been paid here, please? We need motivation

acumen90:
Who has been paid here, please? We need motivation

Is it a loan true true or grant

acumen90:
Who has been paid here, please? We need motivation

I received the grant on Easter Friday (50k)

Na d loan I de wait for now.. because I did physical biometric capture at my local govt area

Ugoc3:


I received the grant on Easter Friday (50k)

Na d loan I de wait for now.. because I did physical biometric capture at my local govt area

Physical biometry for the loan or grant? And also are you among those that were sent message to put their NIN?

notmyrealmonika:

Physical biometry for the loan or grant? And also are you among those that were sent message to put their NIN?

I received the nin verification link..
I also got a message from BOI to come for physical biometric

The nin verification link is for the grant 50k

While those who applied for loan.and selected.were asked locate dia LGA for b
Physical biometric

Ugoc3:


I received the nin verification link..
I also got a message from BOI to come for physical biometric

The nin verification link is for the grant 50k

While those who applied for loan.and selected.were asked locate dia LGA for b
Physical biometric

Okay thanks

When will we receive our own grant.

Ugoc3:


I received the nin verification link..
I also got a message from BOI to come for physical biometric

The nin verification link is for the grant 50k

While those who applied for loan.and selected.were asked locate dia LGA for b
Physical biometric

Pls which part of the country are you? Because I did not here any update in the South here.

musaisah455:
When will we receive our own grant.

If ur nin is successful verified..u will certainly receive ur grant

FG said from 19 April..

hafal2020:


Pls which part of the country are you? Because I did not here any update in the South here.

S.E..
The successful candidate s were sent SMS from BOI

Ugoc3:


If ur nin is successful verified..u will certainly receive ur grant

FG said from 19 April..

I submitted my nin and successful. But what of those of us who have not been called for Biometric? Do we have hope on 19 April?

Ugoc3:

S.E.. The successful candidate s were sent SMS from BOI

S.W. I did not of here of anyone receiving such SMS from BOI in Oyo State here.

hafal2020:


I submitted my nin and successful. But what of those of us who have not been called for Biometric? Do we have hope on 19 April?

Biometric is for the loan

The grant only needs nin verification

Ugoc3:


Biometric is for the loan

The grant only needs nin verification

Thanks.

Can we still be hopeful of BOI sms or sending SMS has been concluded for the loan applicants?

Can we still be hopeful of BOI sms or sending SMS has been concluded for the loan applicants?

I don't know bro

hafal2020:


S.W.
I did not of here of anyone receiving such SMS from BOI in Oyo State here.

I am also from Oyo state, I received the message for NIN verification and I have submitted successfully but I have not receive the SMS for loan from BOI........I have not receive the grant as well

Since we didn't provide account numbers during the registration what account are they going to pay us with? Will new accounts be opened for every successful applicants?

NDSMELODY:
I am also from Oyo state, I received the message for NIN verification and I have submitted successfully but I have not receive the SMS for loan from BOI........I have not receive the grant as well

Let's be hopeful.

Nezy4Real:
Since we didn't provide account numbers during the registration what account are they going to pay us with? Will new accounts be opened for every successful applicants?

There was a section they asked for account details while filling the form online. For those who first filled

This 50k that i wan use buy phone so i will not get it because of a fvckng text message. Mtsw

It just cross my mind that some officials in charge will likely have start scheming, if not concluded 🤦, on how to divert funds meant for beneficiaries to their pocket 🥲🥲

Uniquisite:
It just cross my mind that some officials in charge will likely have start scheming, if not concluded 🤦, on how to divert funds meant for beneficiary into their pocket 🥲🥲

Relax bro..the 50k go reach u...I b ordinary naijiarian..as the moni reach me on a normal..then any other ordinary naija person go collect..

Ugoc3:


Relax bro..the 50k go reach u...I b ordinary naijiarian..as the moni reach me on a normal..then any other ordinary naija person go collect..

More people have started seeing alert

LordFA:


More people have started seeing alert

Any you've confirmed of??

I have received my own alert.

notmyrealmonika:
I have received my own alert.

Congrats
Which Bank?
Did you receive text from Federal Government?

Believes at your own risk. Sponsored post up and down

I won't believe until I get my alert..lol

Uniquisite:
Believes at your own risk. Sponsored post up and down

I won't believe until I get my alert..lol

Oga people are smiling already
Just pray that you're among

LordFA:


Congrats
Which Bank?
Did you receive text from Federal Government?

UBA.... I received sms for verification
My neighbor did not receive sms, I was the one that send the link to him. He too has received

notmyrealmonika:

UBA.... I received sms for verification
My neighbor did not receive sms, I was the one that send the link to him. He too has received

Can I get the link from you?