• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

BREAKING: Federal Gov’t Begins Disbursement Of N200bn Palliative Loans    

by Nafisat Abdulrahman
1 year ago
in Business, News
palliative
Share on WhatsAppShare on FacebookShare on XTelegram

The Ministry of Industry, Trade and Investment has officially initiated the disbursement of a N200bn palliative loans through the Presidential Conditional Grant Scheme.

Advertisement

This announcement followed 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 wrote: “We are pleased to inform you that the disbursement process for the Presidential Conditional Grant Programme has officially commenced.”

She further assured that more substantial payouts are slated for Friday, April 19, as part of the program’s phased disbursement strategy.

RELATED

2 Arrested Over Catholic Priest’s Kidnap

Police Rescue Ghanaian, Arrest 3 Suspected Kidnappers 

4 minutes ago
Personal Injuries Are Rising In 2025

Personal Injuries Are Rising In 2025

1 hour ago

The disbursement marks a significant step in actualizing President Bola Tinubu’s commitment to revitalize the manufacturing sector and expand job creation. Announced over eight months ago, the scheme aims to inject N75bn into 75 manufacturing enterprises by March 2024. Each enterprise is set to receive up to N1bn in credit at a favorable 9% annual interest, with terms extending up to 60 months for long-term loans and 12 months for working capital.

Despite the program’s ambitious goals, it has faced considerable hurdles, including a complex registration process and delays that have sparked criticism from potential beneficiaries. Femi Egbesola, President of the Association of Small Business Owners, expressed concerns about the slow pace of data collation by supervising agencies, suggesting that “genuine businesses were being deliberately discouraged from accessing the loans.”

Nevertheless, the government remains resolute in its effort to cushion the impacts of recent economic reforms on businesses, ensuring that all verified applicants will eventually benefit from the scheme in subsequent phases. As the disbursement continues, stakeholders remain hopeful for a smoother execution that will help kick-start sustainable economic growth and structural transformation within the country’s key economic sectors.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Palliative
SendShareTweetShare
Previous Post

Troops Kill 12 Terrorists, Recover Motorbikes, Weapons In Zamfara

Next Post

Lukman Urges Tinubu To Revisit Kwankwaso, Ganduje Feud

Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

You May Like

2 Arrested Over Catholic Priest’s Kidnap
News

Police Rescue Ghanaian, Arrest 3 Suspected Kidnappers 

2025/07/02
Personal Injuries Are Rising In 2025
Feature

Personal Injuries Are Rising In 2025

2025/07/02
Bamise: Lagos BRT Driver Denies Raping, Murdering Passenger
News

Court Strikes Out Charges Against Pastor Accused Of Defiling Daughter

2025/07/02
Unongo’s Leadership Transcended Time, Generations – Shettima
News

Nigeria’ll End Diesel Use, Create 1.5m Green Jobs — VP Shettima

2025/07/02
Hardship: Islamic Body Tasks Tinubu, Others On Robust Economic Policies
Entertainment

JUST-IN: Diddy Cleared Of Sex Trafficking, Racketeering, Guilty Of Prostitution-linked Charge

2025/07/02
Tinubu Commissions Kano Digital Park Vandalised During #EndBadGovernance Protest
News

Tinubu Commissions Kano Digital Park Vandalised During #EndBadGovernance Protest

2025/07/02
Leadership Conference advertisement

LATEST

Police Rescue Ghanaian, Arrest 3 Suspected Kidnappers 

Personal Injuries Are Rising In 2025

Court Strikes Out Charges Against Pastor Accused Of Defiling Daughter

Nigeria’ll End Diesel Use, Create 1.5m Green Jobs — VP Shettima

JUST-IN: Diddy Cleared Of Sex Trafficking, Racketeering, Guilty Of Prostitution-linked Charge

Tinubu Commissions Kano Digital Park Vandalised During #EndBadGovernance Protest

NRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

Liverpool Appoint Ex-Arsenal Star As Assistant Coach

Farmers Protest Planned Privatisation Of Cocoa Estate In Cross River

JUST-IN: ADC Executives Step Down, Hand Over Party To David Mark, Aregbesola

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.