Businesses to receive grants, loans as part of subsidy palliatives

The Federal Government has said that two of its programmes targeted at alleviating the impact of fuel subsidy removal will soon kickoff.

The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, disclosed this at the weekend, listing the two programmes as presidential conditional grant and presidential palliative loan.

“In the presidential conditional grant programme, the federal government will disburse a grant of N50,000.00 to nano businesses across the 774 local government areas in the country.