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N50,000 grant: 402,283 beneficiaries get N20bn
Government has disbursed a total sum of N20.11bn to 402,283 beneficiaries of the N50,000 Presidential Conditional Grant Scheme.
The beneficiaries selected from the 774 local government areas received a direct payment to their bank accounts via their Bank Verification Number.
This information was disclosed in a document exclusively obtained from the Ministry of Industry, Trade and Investment by our correspondent on Wednesday.
The scheme domiciled under the Ministry of Trade and Investment commenced on March 9, 2024, with financial grants of N50,000 without repayment obligations to eligible small business owners operating in various sectors such as trading, food services, ICT, transportation, creatives, and artisans in the 774 local government areas of the country.
It targeted 70 per cent of women and youths, 10 per cent of people with disabilities, and 5 per cent of senior citizens, with the remaining 15 per cent distributed to other demographics.
It also said only one million out of the 3.6 million applicants for the conditional grant will be selected as recipients.
President Bola Tinubu, on October 17, 2023, launched the renewed hope conditional cash transfer to 15 million households.
The scheme was only to benefit people with nano businesses seeking to expand and be willing to formally register their businesses and hire at least one additional person as their turnover increases.
The ministry, in a Frequently Asked Questions and Answers said “Disbursements aren’t based on any specific criteria, but in the order, applications are verified. The goal is to reach an estimated 1,290 beneficiaries per LGA across the country, totalling one million.
“Disbursement is also subject to verification of NIN, which became mandatory after the initial application phase and required only BVN. The selection is random, without human intervention, from those who have passed their NIN and BVN verification.”
The trade minister, Doris Aniete, also stated that the objective is to distribute funds to an estimated 1,290 beneficiaries per local government area across the country.
However, a list containing the number of recipients showed that individuals in all LGAs received the funds but not in equal numbers.
The list didn’t contain personal details and contacts of individuals who benefitted from the programme and is as of May 29, 2024.
A breakdown of the document showed that Katsina LGA in Katsina State got the highest allocation with 1,048 beneficiaries while Omuma LGA got the lowest with 85 recipients.
A summary of the top ten receiving LGAs includes Gusau LGA in Zamfara State (977), Omala in Kogi State with 921 recipients, Shiroro LGA in Niger State (911), Owerri North in Imo State (897), Konshisha LGA in Benue State (890), Calabar South in Cross Rivers State (881), Anka LGA in Zamfara State (876), Balanga LGA in Gombe State (873) and Kaltungo LGA in Gombe State (862).
While the lowest 10 receiving LGAs include Olorunsogo LGA in Oyo State (85), Etsako Central in Edo State (86), Ogu/Bolo in Rivers State (98), Opobo/Nkoro in Rivers State (103), Owen West in Edo State (104), Ovia South-West in Edo State (110), Jere in Borno State with 116 recipients, Degema in Rivers State (146), Ogun Waterside in Ogun State (159), Ogo Oluwa in Oyo state (160).
Recall that the minister had earlier indicated that disbursement was going to be staggered and in phase till completion.
Meanwhile, the trade minister confirmed that the ministry had begun examination and sorting of applications received from asset managers to establish the diaspora fund.
She said hundreds of applications were received and currently undergoing a vetting process.
The minister, speaking through her aide, Terfa Gyado, said, “On diaspora Fund, the deadline for Expressions of Interest has closed and applications are currently being vetted.
“We received applications in hundreds and from all over the world.”
When asked to confirm the specific figure, the minister said it would be announced after the sorting process, she said, “They are still sorting but it was an overwhelming response.”
The $10 billion Diaspora Fund is a government-enabled, private-sector-led initiative of the ministry to attract investment from citizens living abroad.
The fund, which would be established by private sector Fund Managers selected through a competitive bidding process, is a way of encouraging remittances, attracting investments, and facilitating philanthropic endeavours aimed at supporting various sectors such as agriculture, infrastructure, healthcare, education, and entrepreneurship in Nigeria.
The government had extended the date for the submission of an Expression of Interest for the fund to May 13, 2024.
Credit: PUNCH.
News
See Photos of World’s Tallest and Shortest Women Meet for Afternoon Tea in London
The world’s tallest woman and the world’s shortest woman met for the first time this week, sipping tea from china cups — and bonding over what they have in common while celebrating their differences.
Jyoti Amge, shortest woman, and Rumeysa Gelgi, tallest woman, meet for the first time and share afternoon tea
Rumeysa Gelgi, from Turkey, stands at 7 feet and 0.7 inches, while Jyoti Amge, from India, is 2 feet and 0.7 inches.
Jyoti Amge, shortest woman, and Rumeysa Gelgi, tallest woman, meet for the first time and share afternoon tea
Jyoti Amge, shortest woman, and Rumeysa Gelgi, tallest woman, meet for the first time and share afternoon tea
Jyoti Amge, shortest woman, and Rumeysa Gelgi, tallest woman, meet for the first time and share afternoon tea
“You’re so beautiful,” said Gelgi, 27. “Thank you — you too,” replied Amge, 30.
Their meeting, over afternoon tea at London’s Savoy Hotel on Tuesday, came ahead of Guinness World Records Day, which is held annually in November to mark record-breaking achievements and encourage people to attempt records. The pair have been honored as “World Record icons” in the 70th anniversary edition of the Guinness World Records book.
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“Meeting Jyoti for the first time was wonderful,” Gelgi said in a release Wednesday. “She’s the most gorgeous lady. I was waiting to meet her for a long time.”
Gelgi said the pair bonded over their love for makeup, jewelry and doing their nails.
Video footage showed them sitting down for tea, cakes and sandwiches stacked next to them, with the London Eye visible from the window.
Amge said in the release that she was “so happy to look up” and see the world’s tallest woman, whom she called “good-natured.” She added that it was difficult at times for the pair to make eye contact “due to our height difference.”
“Guinness World Records is all about celebrating differences,” its editor in chief, Craig Glenday, said in a statement ahead of Guinness World Record Day, which is on Thursday.
“By bringing together these two amazing, iconic women, they can share their perspectives on life with each other and, also, with us,” Glenday said.
Gelgi’s record-breaking height is due to a rare genetic condition called Weaver syndrome, which causes rapid growth, according to the National Organization for Rare Disorders.
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The primary symptom is growth and bone development that occurs faster than usual, making those affected taller than average. People with Weaver syndrome may have rigid muscles and difficulty extending their elbows or knees.
Gelgi used a walking aid for support during the pair’s meeting. Her case of Weaver syndrome was the 27th ever diagnosed and the first in Turkey, according to Guinness World Records.
Weaver syndrome is generally caused by changes in the EZH2 gene, according to the NORD, though the organization notes that some people with Weaver syndrome do not have a mutation in the gene.
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Amge, an actor who played the character of Ma Petite in the television series “American Horror Story,” has a genetic growth disorder that occurs in the early stages of fetal development, known as achondroplasia.
According to Johns Hopkins, the condition causes shorter bones, abnormally shaped bones and shorter stature. While the genetic defect can be passed from parent to child, in about 80 percent of cases, achondroplasia results from a spontaneous mutation that occurs in the developing embryo.
On Thursday, Gelgi shared photos on Instagram of the two exploring London despite the cold weather, posing side by side in front of Tower Bridge.
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