TheCable

The federal government says it has commenced the disbursement process for the presidential conditional grant scheme to verified applicants. 

President Bola Tinubu, on October 17, 2023, launched the renewed hope conditional cash transfer to 15 million households.

According to a statement on Tuesday by the office of the ministry of industry, trade, and investment, several beneficiaries have already received their grants, marking the beginning of the disbursement strategy.

“The President Bola Tinubu Administration understands the importance of these grants in supporting the livelihoods and businesses of our citizens, and this is why we are committed to ensuring a smooth and transparent process,” the ministry said.

“In collaboration with telecommunications providers, we have successfully resolved the initial delays in sending out short codes for NIN verification and application continuation.”

By April 19, the ministry said significant disbursement will be made to a sizable number of confirmed applicants.

“It is essential to understand that disbursements are ongoing, and not all applicants will receive their grants on this initial date. However, rest assured that all verified applicants will eventually receive their grants in subsequent phases,” the ministry said.

“We ask for your patience as we continue to process the applications with the utmost diligence and fairness.”

The federal government said the phased disbursement process has been established to guarantee each application is given the consideration it deserves.