The Federal Government has begun the disbursement of the N50,000 Presidential Conditional Grant Scheme, also known as Trade Grants Scheme, to nano businesses nationwide.
Nano businesses are enterprises that have one or two workers and less than annual turnover of N3 million.
Minister of Industry, Trade and Investment, Doris Uzoka-Anite, in a statement on Tuesday said many beneficiaries had already received their grants, marking the beginning of the phased disbursement strategy.
She further stated that this Friday, more considerable number of validated applicants will receive significant grant amounts, adding that the disbursement process is continuous, and not every applicant will get their grant on this first scheduled date.
Uzoka-Anite assured that all verified applicants will eventually receive their grants in subsequent phases.
