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FG Cash Transfer News 6 June 2024

6 June 20246 June 2024

81,000 Residents to Get FG Cash Transfer in Ondo The Federal Government is giving cash transfers to 81,000 people in Ondo State. This news was shared by Mrs. Tosin Olupona, the Manager of Ondo Cash Transfer, during a training in Akure. Training and Partners The training was organized by the Federal Ministry of Humanitarian Affairs …

FG N50,000 Grant Program Update June 2024

3 June 2024

The Federal Government has given N20.11bn to 402,283 people under the N50,000 Presidential Conditional Grant Scheme.

How the Grant Works

Total Amount Given: N20.11bn
Number of Beneficiaries: 402,283
Grant Amount per Person: N50,000

NYIF: FG Approves N110 Billion Fund for NigerianYouth Startups

1 June 2024

The Nigerian government has approved N110 billion for youth startups and early-stage businesses. This decision aims to help young entrepreneurs grow their businesses and boost the economy.

The Minister of Youth Development, Dr. Jamila Bio-Ibrahim, announced this news. The funds will be managed through the restructured Nigeria Youth Investment Fund (NYIF). This move is meant to support young business people in Nigeria.

FG Cash Transfer Program June 2024 Updates

31 May 2024

The Nigerian Federal Government has started a new cash transfer program. This program will help 75 million Nigerians by giving them direct cash. This is to help those who find it hard, especially people who do not have much. The government is doing this after checking the old way of doing things to stop any wrong actions and make the system better.

OG-CARES Grant: Ogun State Launches Second Phase of N1 Billion Operational Grant for MSMEs

24 May 2024

Ogun State has started the second phase of its N1 billion Operational Grant for Micro and Small Scale Enterprises (MSMEs). This grant is part of the OG-CARES scheme. The first phase was in 2023, where 1,000 small businesses got money. Now, the second phase will help 2,822 more businesses.

Nigerian Student Loan Portal (nelf.gov.ng) Open: A Step-by-Step Guide for Easy Application

24 May 2024

The Nigerian Education Loan Fund (NELFUND) started giving loans to students on Friday, May 24, 2024. This helps students get money for school. How to Apply for Student Loan Here is how you can apply for a student loan from the Nigerian Students Loan Portal (nelf.gov.ng): How to Complete Your Profile After you register, you …

Empowering Youth: FG Plans N10 Million Grants for NYSC Corps Members

14 May 2024

The Minister of Youth Development, Jamila Bio-Ibrahim, has announced plans to change the National Youth Service Corps (NYSC) Scheme. More than 5,000 corps members will get grants of N10 million each for their business ideas. A team will be set up to lead this change.

World Bank Comments on Federal Government’s Cash Transfer Program

10 May 20249 May 2024

World Bank’s Assessment of the Federal Government’s Cash Transfer Program

The World Bank recently conducted a thorough analysis of the Federal Government’s conditional cash transfer program, initiated in 2016. This program was designed to improve the socio-economic status of the most vulnerable segments of the Nigerian population by providing monthly financial support.

FG begins disbursement of N50b grants to small firms

7 May 2024

The Government has started distributing N50 billion grants to small businesses. These grants are benefiting one million businesses across 774 local councils.

Beneficiaries of the N50,000 grants for nano business owners are receiving alerts. This was confirmed by the Minister for Industry, Trade and Investment, Dr. Doris Uzoka-Anite.

Breaking News: 3MTT Announces Shortlisted Fellows Across Phases 2, 3, and 4

9 March 2024

3MTT Program: Congratulations to the Shortlisted Fellows! Great news! The 3MTT Program announced shortlisted applicants for phases 2, 3, and 4. Check your shortlist status: Visit https://app.3mtt.training/selected/fellows, search by last name (initials for first names due to privacy). Once shortlisted, find your cohort and log in to your personal 3MTT portal. Cohort 2 represents 10% …