Nigerian govt gives update on N50,000 presidential conditional grant scheme

The Federal Government of Nigeria has declared that applicants for the N50,000 Presidential Conditional Grant Scheme for people in each of the 774 local government areas should keep an eye out for SMS messages that link their applications to their National Identity Numbers.

This was revealed in a notification that Doris Uzoka-Anite, the Minister of Trade, Industry, and Investment, issued on Sunday via her official X account.

In order to execute an application in accordance with the Central Bank of Nigeria’s NIN-Account number linking criteria, the Minister stressed that the applicant’s NIN must match.

“The Ministry of Industry, Trade, and Investment thanks all applicants for their interest in the Presidential Conditional Grant Programme and assures that applications are being thoroughly processed.

“Due to new regulations from the Central Bank of Nigeria, applicants are now required to link their national identification numbers (NIN) with their bank accounts. We currently do not have a record of the NINs of those who applied. Therefore all applicants will receive an SMS from ‘FGGRANTLOAN’ With instructions to submit this information via a
secure link.

“This step is essential for the continuation of the application process. Only verified applicants will receive this notification, and NINs must match the applicant’s name for the process to proceed.

“We appreciate your patience and cooperation, and we will keep you updated on your application’s progress. Thank you for your participation and contribution to national growth”, the statement reads.

The programme, scheduled to launch on March 9, 2024, would provide financial awards to qualified Nigerian small company owners without requiring them to repay the money.

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