Business

Trade Grant Scheme:  Applicants to link NIN to Bank account to receive grants, says FG

The federal government has mandated all applicants of the presidential trade grant programme to link their National Identification Numbers (NIN) to their bank accounts to be eligible for the proposed grants.

The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this announcement on Sunday.

The Minister stated that this requirement complies with the Central Bank of Nigeria (CBN)’s recent directive on account verification with NIN.

She therefore explained that the ministry intends to send a text message through “FGGRANTLOAN” to applicants, asking for their NIN to be submitted for verification through a secure link.

Earlier in December 2023, the Federal Government of Nigeria released an application portal for its Presidential Conditional Grant for Nano Businesses under the Presidential Palliative Program.