The Ministry of Industry, Trade, and Investment has officially initiated the disbursement of N200 billion palliative loans through the Presidential Conditional Grant Scheme.

This announcement followed what it described as a rigorous selection process to identify eligible applicants, signaling a major push to fortify the economic landscape for manufacturers and businesses across Nigeria.

According to a recent update from Trade Minister, Doris Aniete, on her official X handle (formerly Twitter), some beneficiaries have already received their funds.

She stated, “we are pleased to inform you that the disbursement process for the Presidential Conditional Grant Programme has officially commenced.”

She also reassured that larger payouts are scheduled for Friday, April 19, as part of the program’s phased disbursement strategy.