The Federal Government has shifted the start of the N150bn loan disbursement for manufacturers and micro, small, and medium enterprises to September
The Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, confirmed this during a meeting with beneficiaries of the presidential grant and prospective beneficiaries of the MSME Presidential Loan in Calabar, Cross Rivers State, on Sunday.
The minister highlighted that over 700,000 applications were received for this disbursement.
The minister also disclosed that 660,320 nano beneficiaries, representing over 60 per cent of the targeted one million had received disbursements across Nigeria’s 774 local governments.
The Presidential Conditional Loans and Grant Scheme is a N200bn initiative divided into N125bn for MSMEs and N75bn for manufacturers, with funds allocated to support growth, employment, and the overall prosperity of Nigeria.
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