Federal Government Grant Yet To Hit The 1290 Maximum As Applicants Await Final Federal Government Grant Disbursement

Observations on the federal government grant portal shows that no local government area has gotten to 1290, Konshisha with 1224 being the closest to 1290 beneficiaries for the federal government grant. Applicants yet to receive the federal government grant are implored to exercise patience as the federal government grant disbursement has not been concluded. According to the Minister for Industry Trade and Investment Doris Nkiruka Uzoka-Anite at the end of the disbursement of the federal government grant the names and list of all 1,000,000 beneficiaries will be published on the federal government grant portal, the minister said that applicants that fail the NIN verification process will not be considered and they should apply for the ongoing federal government loan application with their CAC or SMEDAN certificates. 

The federal government grant will not be repaid by beneficiaries unlike the federal government loan which will be repaid at the end of the loan tenure. Beneficiaries of the federal government grant will receive ₦50,000 while beneficiaries of the federal government loan will receive ₦1,000,000. The federal government loan application is still ongoing but will be closing soon, after that the federal government loan will be disbursed, this will be done after the federal government grant has been cleared and all eligible beneficiaries have all received their federal government grant. Applicants that applied last year but failed to update their NIN on the federal government grant portal will not receive the federal government grant, applicants that received text message to update their NIN and did likewise will receive the federal government grant, applicants sent messages to go to their local government area for data capturing and have completed this process will receive the federal government grant. Applicants that have already received the federal government grant but received the text messages to proceed to their local government area for data capturing might ignore the message since they have already received the federal government grant. The federal government grant is a one time payment and no beneficiary can receive the federal government grant twice as people might have claimed and this is the essence of the NIN verification. The NIN verification process prevents disbursement of federal government grant to the same person twice and ensures that the right individual receive the federal government grant and not a 'ghost' beneficiary. The federal government grant application has ended although their are some grants available online like the fgn alat and other initiatives. Individuals, applicants and even beneficiaries of Npower have been advised to capitalize on these opportunities while awaiting their Npower payment.

The federal government grant was launched last year by President Bola Ahmed Tinubu as part of the Renewed Hope Agenda to cushion the effect of inflation and economic hardship to the poor and vulnerable, to enable these beneficiaries of the federal government grant to start up nano businesses in their immediate communities.