PCGS Disbursement To Unpaid 225,407 Beneficiaries Is Underway

According to the bank of Industry Nigeria, the disbursement for the Presidential Conditional Grant Scheme (PCGS) is underway, empowering nano businesses across Nigeria to scale their businesses.

BOI stated that the amount Disbursed so far is N38,720,650,000 and Disbursement is Ongoing. 774,593 beneficiaries reached which are Artisans, Creatives, traders, transportation, ICT and food services.

Recall that the Minister then stated that almost 4 million Nigerians applied for the Palliative grant of 50k, but only 1 million beneficiaries can be accommodated. So far 774, 593 has been paid and the payment of the remaining 225,407 has is Underway.

The selection is not based on who applied first; everyone has an equal chance but by random computer - generated selection.

You may want to also read Link To Check FGLoanGrant PCGS Beneficiaries Names

The FG Loan category is also at the final stages of vetting for the MSME and Manufacturing loans.