The Federal Government has issued a statement updating the public on the progress of disbursing the Presidential Conditional Grant and Palliative Loan to businesses. Dr. Doris Uzoka-Anite, the Minister for Industry, Trade, and Investment, assured that the government is actively working to ensure the smooth execution of both programs.
The minister mentioned that they are specifically designed to mitigate the impact of removing fuel subsidies on Nigerians. She revealed that the ministry has received an impressive 80,000 applications through the designated portal, emphasizing the aim to establish a fair opportunity for all Nigerians.
Uzoka-Anite further stated that the federal government is extending the cut-off date to accommodate more entries, with details of the new dates to be announced in due course. This update reflects the government’s commitment to providing economic support and inclusivity during a period of significant policy changes.
Statement reads; She said: “Dear well-meaning Nigerians. I have read, with concern, all the comments and feedback about the Federal Government Loans and Grants Scheme portal.
“My team and I are working diligently to ensure smooth sailing. While we have received over 80,000 applications through the portal already and are increasing by the minute, our mandate is to create a level playing field for ALL Nigerians; hence, we will be extending the cut-off date to accommodate more entries.
“The new dates will be announced in due course while we ensure that all issues are resolved speedily.
“Also, kindly ensure you read & meet all application criteria before proceeding, as this may affect your application.
Thank you for your diligence, patience and genuine commitment to good governance as you continue to participate in this intervention.”
