GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Only 1m Nigerians Out Of 3.6m Applicants Will Get N50,000 Grant – FG

Sylvester Tobias by Sylvester Tobias
May 4, 2024
in News
Reading Time: 1 min read
FG Launches New Initiative to Empower 10 Million Women
168
SHARES
Advertisements

The Federal Government, under the Ministry of Industry, Trade, and Investment, has announced that out of the 3.6 million applicants for the Presidential Conditional Grant Scheme, only one million will be selected as beneficiaries.

Only 1m Nigerians Out Of 3.6m Applicants Will Get N50,000 Grant – FG

Launched on March 9, 2024, the scheme offers financial grants of N50,000 to eligible small business owners across various sectors, including trading, food services, ICT, transportation, creatives, and artisans, spanning all 774 local government areas.

READ ALSO

NELFUND to Close 2024/2025 Loan portal, Set New date for applications

FG to Declare October 1 Public Holiday

Targeting specific demographics, the scheme aims to allocate 70% to women and youths, 10% to people with disabilities, 5% to senior citizens, and the remaining 15% to other demographics.

Addressing frequently asked questions, the ministry clarified that disbursements are based on verification order rather than specific criteria.

Selection is randomized, with verification requiring both National Identification Number (NIN) and Bank Verification Number (BVN).

The ministry assured that verification processes are digitally conducted, minimizing human intervention and ensuring transparency.

Regarding grant distribution, only one million applicants will receive assistance, as per the budget allocation for nano businesses.

The verification process, covering over three million applications, is comprehensive and conducted in batches to minimize errors.

The scheme specifically benefits nano businesses intending to expand, requiring formal business registration and hiring additional personnel as turnover increases.

Application closed on April 17, with payments set to commence again at the end of May.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

GBV: DIWA trains 240 participants from Benue, Kwara, Kogi, Niger on how to proffer solution

Next Post

How Entrepreneurs Can Apply For Abu Dhabi Zayed Sustainability Prize 2024 – (Up To $3Million)

Related Posts

NELFUND to Close 2024/2025 Loan portal, Set New date for applications

NELFUND to close 2024/2025 Loan portal

NELFUND to close 2024/2025 Loan portal, Set New date for applications   The Nigerian Education Loan Fund (NELFUND) has announced...

Read moreDetails

FG to Declare October 1 Public Holiday

October 1 Public Holiday

FG to Declare October 1 Public Holiday for Nigeria’s 65th Independence Anniversary The Federal Government is set to declare Tuesday,...

Read moreDetails

Marketers Fear Fuel Price Hike as PENGASSAN Strike Begins

Marketers Fear Fuel Price Hike as PENGASSAN Strike Begins

Marketers Fear Fuel Price Hike as PENGASSAN Strike Begins Nigerians may be facing another round of hardship as the nationwide...

Read moreDetails

NNPC, NUPRC, NMDPRA Operations Shut as PENGASSAN Declares Nationwide Strike

PENGASSAN Strike

Nationwide PENGASSAN Strike Shuts Down NNPC, NUPRC, NMDPRA Operations Nationwide   GoldenNewsNg reports that the nationwide strike declared by the Petroleum...

Read moreDetails

Black Market Dollar to Naira Exchange Rate Today 29th Sept 2025

Black Market Dollar to Naira

Detailed report on Black Market Dollar to Naira Exchange Rate Today, Monday, 29th September 2025   GoldenNewsNg reports that the...

Read moreDetails

World Bank to Approve $750m Loans for Nigeria

World Bank

World Bank to Approve $750m Loans for Nigeria on September 30 The World Bank is set to approve two loans...

Read moreDetails

PENGASSAN Declares Nationwide Strike as Dangote Refinery Sacks Over 800 Nigerian Workers

2024:  Dangote Graduate Trainee Programme

PENGASSAN has Declared Nationwide Strike as Dangote Refinery Sacks Over 800 Nigerian Workers. GoldenNewsNg reports that The Petroleum and Natural...

Read moreDetails

Link For NJFP Unmatched Fellows Revalidation For NJFP 2.0 Enrollment

NJFP Beneficiaries To Get 100k Monthly Stipend And All You Need To Know

Link For NJFP Unmatched Fellows Revalidation For NJFP 2.0 Enrollment The Federal Government has begun the revalidation process for unmatched...

Read moreDetails

Full List of INEC Chairmen in Nigeria From 1998 Till Date

Full List of INEC Chairmen in Nigeria (1998–Present) and Their Achievements

Full List of INEC Chairmen in Nigeria From 1998 Till Date   The Independent National Electoral Commission (INEC) is Nigeria’s...

Read moreDetails

SMEDAN Opens Free CAC Business Registration for 250,000 Small Enterprises (Direct Link to Apply)

SMEDAN Opens Free CAC Business Registration for 250,000 Small Enterprises (Direct Link to Apply)

The Federal Government of Nigeria has launched a landmark initiative to provide free Corporate Affairs Commission (CAC) business name registration...

Read moreDetails
Load More
Next Post
How Entrepreneurs Can Apply For Abu Dhabi Zayed Sustainability Prize 2024 - Get Up To $3Million

How Entrepreneurs Can Apply For Abu Dhabi Zayed Sustainability Prize 2024 - (Up To $3Million)

SEARCH ADS

Latest Posts

NELFUND to close 2024/2025 Loan portal
Education

NELFUND to Close 2024/2025 Loan portal, Set New date for applications

October 1 Public Holiday
Headline

FG to Declare October 1 Public Holiday

Marketers Fear Fuel Price Hike as PENGASSAN Strike Begins
business

Marketers Fear Fuel Price Hike as PENGASSAN Strike Begins

NYSC Mobilisation
Education

FG Makes Thesis Submission to NERD Mandatory for NYSC Mobilisation

PENGASSAN Strike
Headline

NNPC, NUPRC, NMDPRA Operations Shut as PENGASSAN Declares Nationwide Strike

Youth Empowerment Programme in Enugu
Headline

EDIA Launches ₦100 Million Youth Empowerment Programme in Enugu

NCDMB Digitalization Initiative
Headline

NCDMB to Train 3,700 Nigerian Youths in Digital Skills for Oil and Gas Industry

Black Market Dollar to Naira
business

Black Market Dollar to Naira Exchange Rate Today 29th Sept 2025

Spraying Money in Nigeria
Daily Guides

What the Law Says About Spraying Money in Nigeria – Penalties, Alternatives & CBN Act

World Bank
Headline

World Bank to Approve $750m Loans for Nigeria

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News