FG Commences Distribution of N200 Billion Palliative Loans Nationwide

Information reaching us at the Nyscinfo is that the Federal Ministry of Industry, Trade, and Investment has begun the distribution of N200 billion in palliative loans under the auspices of the Presidential Conditional Grant Scheme. This significant move aims to bolster support for manufacturers and businesses nationwide.

Announced by Trade Minister, Doris Aniete, the government, in collaboration with the Bank of Industry, has outlined three distinct categories of funding to facilitate economic recovery and resilience.

In a statement released on Tuesday, April 16, 2024, Minister Aniete revealed that the disbursement process has already begun, with several beneficiaries having received their allocations.

This strategic initiative is poised to inject vitality into the commercial landscape, fostering growth and stability amidst prevailing economic challenges. Stay tuned for further updates on this developing story.

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