Business

FG to begin 150bn loan disbursement July

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Federal Government on Thursday said the disbursement of 150 Billion Naira loans to micro, small and medium enterprises and manufacturers would commence by the end of July.
The Minister for Industry, Trade and Investment, Doris Uzoka revealed the latest information in a post via her official X handle on Thursday.
It also disclosed that 60 per cent of the proposed one million beneficiaries of the Presidential Conditional Grant had received a financial grant of 50,000 Naira without repayment obligations in the 774 local government areas of the country.
Recall 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.

Written by: bossgmsi

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