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FG Resumes Payment of 400k Grant to Beneficiaries in Batches 

Enudi Golden by Enudi Golden
August 19, 2024
in business, Headline
Reading Time: 1 min read
President Conditional Grant Scheme
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The Federal Government has resumed the payment of a 400k grant to beneficiaries in batches.

The Federal Government has restarted the President Conditional Grant Scheme and is now providing a payment of N50,000 to the 400,000 beneficiaries who are still awaiting their payments.

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The Minister has already informed all applicants of the Presidential Conditional Grant Scheme who have not received payment that around 60% of the 1 million grants have been allocated. .

The Minister later revealed that around 4 million Nigerian citizens applied for the Palliative grant, which is worth 50,000 Naira. Unfortunately, the grant is only available to a limited number of individuals, with a capacity of 1 million recipients. So far, a sum of 600,000 has been paid, and the payment for the remaining 400,000 has now resumed.

 

You may be interested in : Direct Link to Apply for FG Palliative Grant N50,000 & Loan for Nano Businesses

 

Please be aware that the grant will not be awarded to every applicant. The order in which applications are submitted does not determine the selection process. Instead, every applicant is given a fair chance for selection through a computer-generated process that is completely random.

The FG Loan category is currently in the final stages of vetting for the MSME and Manufacturing loans. The applications are currently open and we will begin distributing funds soon.

 

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