Loan & Grant

FG N50,000 Grant Scheme Updates: What You Need to Know on May 4th, 2024

Affordable Data Plans for MTN, Airtel, Glo, and 9mobile at allmedia24data.com
FG N50,000 Grant Scheme Updates: What You Need to Know on May 4th, 2024

The wait is over for many Nigerian nano businesses! The Federal Government’s (FG) N50,000 Presidential Conditional Grants Scheme (PCGS), also known as the Trade Grants Scheme, is disbursing funds as of May 4th, 2024. This initiative aims to empower small businesses across the country, particularly those with one or two employees.

Contents

Buy Cheapest Data Price
Our Data Prices On Alrahuzdata:
- MTN SME 1: N256 per 1GB
- MTN SME 2: N253 per 1GB
- Airtel CG: N272 per 1GB
- Glo CG: N237 per 1GB
- 9mobile: N129 per 1GB
REGISTER NOW to get started: https://bit.ly/Allmediadata


Who Got Funded? Transparency and Next Steps

With over 3.6 million applications and only 1 million grants available, many Nigerians are wondering about the selection process and disbursement timeline. Here’s a breakdown to ease your concerns:

Application Window Closed: The application portal closed on April 17th, 2024, due to a high volume of interest.

Disbursement Process: The Bank of Industry (BOI) is currently verifying applications and disbursing funds in batches. The entire process is expected to be completed by the end of May 2024.

IF YOU MISS NOTCOIN, DONT MISS TAPSWAP MINING
JOIN NOW BEFORE THE DEADLINE TO LAUNCH IT

CLICK THE LINK TO JOIN: https://t.me/tapswap_mirror_bot?start=r_5289508979

Read Also: How to Apply for CrediCorp Consumer Credit Loan Application

Ensuring Transparency: The BOI prioritizes transparency. They’ll use a multi-layered verification system, including National Identification Number (NIN), Bank Verification Number (BVN), and bank account details to confirm beneficiaries. Additionally, physical verification might be conducted for further validation.

Finding Out If You Received a Grant

Eager to know if your application was successful? Here’s how to check after the disbursement is complete:

Beneficiary List Publication: Once all funds are distributed, a list of recipients will be made public. You can search for your name using your BVN and last name.

Future Opportunities and Additional Resources

While there’s no official announcement regarding another grant program, stay tuned for updates from the Federal Ministry of Industry, Trade and Investment (FMIT&I). You can visit their website http://nid.fmiti.gov.ng/ for future program announcements and resources for small businesses in Nigeria.

You May Read the FAQ below;

fg grant faqs update
fg grant faq news
fg grant faq update
Google News Channel

Follow us on Google News for Latest Headlines


Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;

WhatsApp Channel

https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h


WhatsApp Group

https://chat.whatsapp.com/C6C3F5tXtKE8SUuJUO78KA


Facebook Page

https://facebook.com/allmedia24news


Our Twitter Page

https://www.twitter.com/allmedia24news
Telegram Group

https://t.me/allmedia24

Threads App Official Page

https://www.threads.net/@allmedia24news


Discover more from Allmedia24 News

Subscribe to get the latest posts to your email.

Allmedia24 Whatsapp Group

RECEIVE NEWS FROM EMAIL

Leave a Comment

Your email address will not be published. Required fields are marked *

*