N50k Grant: Things You Need to Know As FG Begin Disbursement of N50,000 Grant to Verified Applicants

Yesterday, the Federal Government, under the leadership of the Minister of Industry, Trade and Investment, announced the disbursement of the N50,000 Presidential Conditional Grant to each beneficiary across Nigeria.

In the statement, the Minister of Industry, Trade, and Investment, Doris Anite, said that they have started to disburse the Presidential Conditional Grant Scheme to applicants who verify their NIN number earlier through their portal, adding that those who verify their NIN will soon start receiving their alert.

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To anyone who has registered the Presidential Conditional Grant Scheme and has not been able to verify his NIN, you can use this link N50,000 Grant NIN Now Made Easy: FG Releases Alternative NIN Verification Method to verify your NIN to receive the N50,000 Presidential Conditional Grant as soon as possible.

According to the Minister, some of the beneficiaries of the grant have already started receiving the money through their bank accounts, where she explained that they are using different steps to disburse the N50,000 grant to applicants.

WHEN IS THE NEW DATE TO DISBURSE THE N50,000 GRANT TO THOSE WHO HAVE SUBMITTED THEIR NIN?

As Minister Doris Anite assured, the FG will start to disburse another phase of grants to applicants who have verified their NIN on Friday, April 19, 2024.

She also explained that not everyone who completes the grant and verifies his NIN will receive the N50,000 grant immediately.

Mrs. Doris Anite also said the main reason why the Federal Government has been delayed in sending the money is that it needs to be transparent and follow the proper procedure in disbursing the money.

The government of President Bola Ahmed Tinubu has announced the grant as part of their plan to develop manufacturers and create jobs for the unemployed.

The government has set aside two hundred billion naira to send Nigerians 50,000 naira to every beneficiary

IS THE N50,000 PRESIDENTIAL CONDITIONAL CASH GRANT STILL OPEN?

Yes, the portal is still open for anyone who needs to apply, a few months ago the Federal Government announced the opening of the grant portal in December 2023, and then the portal was closed again after a short period.

But later, the Federal Government re-opened the grant after they created NIN verification portal for applicants who have registered and have yet to verify their NIN

Anyone who wants to apply to the portal can apply via this link Apply Now: FG N50,000 PCGS Grant Scheme Portal Reopens Again for Registration

CAN I STILL APPLY FOR FG GRANT AFTER I APPLIED LAST YEAR?

No, Anybody who registered last year doesn’t need to apply again, he can only verify his NIN if he didn’t do so, you can do that by following this link grant.fedgrantandloan.gov.ng

WHAT HAPPEN IF I DIDN’T VERIFY MY NIN?

Anyone who failed to verify his NIN might not receive the N50,000 grant as the Central Bank of Nigeria mandated any applicant to do so to process his grant subsidy. 

HOW CAN I VERIFY MY NIN FOR THE FG GRANT?

To verify your NIN to receive the Federal Government Conditional Grant, you will need to visit this link 2 Methods to Verify Your NIN for FG N50,000 Grant Application

HOW MUCH IS THE FEDERAL GOVERNMENT GRANT?

The Federal Government  Presidential Conditional Grant Scheme is N200 Billion Naira in total and will be disbursed to each applicant, in which each applicant will receive the sum of N50,000.

WHAT IS THE FEDERAL GOVERNMENT CONDITIONAL CASH TRANSFER PORTAL?

The portal for the Federal Government Grant is grant.fedgrantandloan.gov.ng,  any other portal apart from this is a scam, and don’t pay any amount from anyone if asked to send money.

WHAT IS HAPPEN IF I SUBMITTED MY SURNAME, BVN, AND NIN AND THEY SAID NO RECORD WAS FOUND?

If you receive such while submitting your NIN, try submitting your First Name as Your Surname, sometimes many people encounter this issue without their acknowledgment. 

HOW CAN I FIX NIN ALREADY EXISTS ISSUE DURING NIN VERIFICATION?

If you receive this message, that means you have submitted your NIN, it might be due to a network issue that made your browser reload without your knowing and submitted your request. If you receive this message, cool your mind, you don’t need to do anything because you have already submitted your NIN for verification.

WHAT HAPPEN WHEN I SUBMITTED MY APPLICATION AND IT TELLING ME BVN ALREADY EXIST

If you submitted your application and you encounter this issue, that means you have already submitted your application,  you don’t need to do anything, because your application is submitted already.

If you have any other questions, you can drop your questions in the comment section.

Source: NairaMetrics

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