The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has confirmed that about 150,000 individuals received the sum of N50,000 this week from the Conditional Grant Scheme initiated by the Federal Government.
The Minister made this disclosure in a statement on her X (formerly Twitter) account on Thursday.
Uzoka-Anite also urged the public to be cautious of fraudulent and unscrupulous individuals demanding payments for processing the grant, emphasizing that the scheme is entirely free and does not require any fees.
She reiterated that the grant scheme is targeted at 1 million people in total, adding that a list of all beneficiaries will be released upon completion.
Meanwhile, the Minister had previously announced that the deadline for registering for the grant scheme is April 17, 2024.
Despite the stated deadline, she encouraged those who have not yet registered to proceed with their applications.
She noted that there is still a chance for late registrants to become beneficiaries of the grant, suggesting a possible flexibility in the registration process.
Earlier in December 2023, the Federal Government announced the Presidential Conditional Grant Scheme (PCGS) to empower nano businesses as part of the Presidential Palliatives Programme.