“Attention”: Tinubu's Govt Gives Fresh Instruction to Applicants Who Wish to Collect N50K FG Fund
- Nigerian authorities have said applications for the Presidential Conditional Grant Programme are "being thoroughly processed"
- Due to the new regulations from the CBN, the ministry of industry, trade and investment, said applicants are required to link their NIN with their bank accounts
- In a statement sighted by Legit.ng on Sunday, March 24, the ministry said currently, it does not have a record of the NINs of those who applied for the grant
Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering governance and public journalism.
FCT, Abuja - The ministry of industry, trade and investment, on Sunday, March 24, asked applicants of the presidential conditional grant programme to "watch out" for an SMS.
According to the ministry in a public announcement sighted by Legit.ng, the message will be sent from FGGRANTLOAN and will direct applicants to link their NIN to their application.
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Authorities stressed that the failure of interested Nigerians to link their NIN will imply that their application will not be processed.
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Doris Nkiruka Uzoka-Anite, minister of industry, trade and investment, wrote on her verified X (formerly Twitter) handle:
"Attention, applicants of the Presidential Conditional Grant Programme: Please watch out for an SMS from FGGRANTLOAN to link your NIN to your application. Prompt action ensures your application progresses. NINs must be in your name. No NIN update, no processing. Thanks for your patience!"
About presidential conditional grant scheme
Legit.ng reports that the grant sum is N50,000 per beneficiary, and it is designed to reach one million nano businesses in the 774 local government areas (LGAs).
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The Bola Tinubu government said it will collaborate with the state governments, ministers, the Nigerian Association of Small and Medium Enterprises (NASME), and federal lawmakers to shortlist the beneficiaries from their constituents.
The target beneficiaries are 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is distributed to other demographics.
The target sectors for the scheme are traders, food vendors, artisans, and others.
Read more on government grants in Nigeria
- Step-by-step guide to applying for FG’s presidential conditional grant scheme
- Jubilation as student receives N50,000 grant promised by Ogun gov Abiodun
- Made-in-Nigeria: FG to give 100,000 Nigerian businesses N750,000 each
ASUU wants grants for students
In a piece of related news, Legit.ng reported that the Academic Staff Union of Universities (ASUU) reacted to the 50 billion naira budgeted for the student loan scheme by the President Tinubu-led federal government.
ASUU president, Professor Emmanuel Osodeke, urged the federal government to convert the loan into grants for students.
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Source: Legit.ng
