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700,000 manufacturers, MSMEs apply for FG N150bn loan

This came as Sunday PUNCH gathered that 630,797 citizens have benefitted from the Presidential Conditional Grant Scheme

In December 2023, the Federal Government unveiled the Presidential Conditional Grant Scheme as part of the Presidential Palliatives Programme aimed at supporting businesses to navigate the economic crunch caused by government policies.

The fund dedicates N75bn to MSMEs and another N75bn to the manufacturing sector.

The minister, speaking through her Special Adviser, Strategic Communications, Terfa Gyado, hinted that the disbursement would be done in batches with the first set of disbursement to commence soon.

“Disbursement is yet to start but they are finalising the first batch. To date about 700,000 applicants have applied,” the minister’s aide stated

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