In a bid to strengthen the manufacturing sector, increase its capacity to expand, and create good-paying jobs, the Ministry of Industry, Trade and Investment say it has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process.
The government, through the Bank of Industry, had said it would be disbursing three categories of funding totaling two hundred billion naira to support manufacturers and businesses across the country.
In a progress report posted on handle on Tuesday, the Minister of Industry, Trade and Investment, Doris Aniete, stated that an unspecified number of beneficiaries had received their grants, adding that by Friday, April 19, another significant disbursement will be made to a substantial number of verified applicants.
Meanwhile, the President of the Association of Small Business Owners, Femi Egbesola, had decried the slow pace of data collation by the supervising agencies, alleging that genuine businesses were being deliberately discouraged from accessing the loans.
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