Federal Government Grant Update Today 2024. Read when is the next FG 50k grant payment date and what to do to be part of the federal govt grant beneficiaries here.
As of today August, 2024, the Federal Government of Nigeria has resumes President Conditional Grant Scheme N50,000 payment for the unpaid 400k beneficiaries.
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 600, 000 has been paid and the payment of the remaining 400,000 has resumed.
This means not all applicants will receive the grant. The selection is not based on who applied first; everyone has an equal chance but by random computer-generated selection.
How Much is a Federal Government Grant?
The FG grant sum is N50,000.00 (Fifty Thousand Naira) per beneficiary, and it is designed to reach one million nano businesses in the 774 local government areas.
The target beneficiaries are 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is distributed to other demographics.
Federal Government Grant Portal Login https://grant.fedgrantandloan.gov.ng.