The Federal Government has said the disbursement of the N150 billion loan disbursement for manufacturers and micro, small, and medium enterprises will be done in September.
Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, made this known at a meeting with beneficiaries of the presidential grant and prospective beneficiaries of the MSME Presidential Loan in Calabar, Cross Rivers State, on Sunday.
According to a statement by the ministry, said the event, hosted at the invitation of the Cross River State Governor, Bassey Otu, offered a platform for direct interaction between the Federal Government and recipients of President Bola Tinubu’s economic empowerment initiatives.
Uzoka-Anite, in her address to the gathering, said the 660,320 nano beneficiaries, representing over 60 per cent of the targeted one million had received disbursements across Nigeria’s 774 local governments.
The minister further stated that loan disbursements for manufacturers and MSMEs would commence in September and that over 700,000 applications were received for this disbursement.
Uzoka-Anite pointed out that the Presidential Loans and Grant Scheme is not just about providing financial support; but about restoring hope, rebuilding lives, and reaffirming the federal government’s commitment to its social contract with the Nigerian people.
“The impact of this initiative is already being felt, and we are committed to ensuring it reaches every corner of this great nation,” she added.
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The Federal Government has said the disbursement of the N150 billion loan disbursement for manufacturers and micro, small, and medium enterprises will be done in September.
Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, made this known at a meeting with beneficiaries of the presidential grant and prospective beneficiaries of the MSME Presidential Loan in Calabar, Cross Rivers State, on Sunday.
According to a statement by the ministry, said the event, hosted at the invitation of the Cross River State Governor, Bassey Otu, offered a platform for direct interaction between the Federal Government and recipients of President Bola Tinubu’s economic empowerment initiatives.
Uzoka-Anite, in her address to the gathering, said the 660,320 nano beneficiaries, representing over 60 per cent of the targeted one million had received disbursements across Nigeria’s 774 local governments.
The minister further stated that loan disbursements for manufacturers and MSMEs would commence in September and that over 700,000 applications were received for this disbursement.
Uzoka-Anite pointed out that the Presidential Loans and Grant Scheme is not just about providing financial support; but about restoring hope, rebuilding lives, and reaffirming the federal government’s commitment to its social contract with the Nigerian people.
“The impact of this initiative is already being felt, and we are committed to ensuring it reaches every corner of this great nation,” she added.
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ReplyForward
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