14,776 Ebonyi People Receive N50,000 Presidential Grants, Says State Government

Benjamin Nworie in Abakaliki

The Ebonyi State Government, has disclosed that 14,776 persons have benefitted from the N50,000 presidential grants of the federal government from the state.

At a town hall meeting in Abakaliki, Commissioner for Human Capital Development, Mrs. Ann Aligwe, also urged Ebonyi people to register and access the ongoing N75bn presidential loan for all business owners across the 774 local government area of the state.

The team leader from the office of Nigeria’s Vice President, Mr Martins Zohu, noted that President Bola Tinubu has increased the maximum loan per an individual from one million naira to five million naira.

“We are here on the many interventions by the federal government. President Bola Tinubu has deemed it right to inject life into the economy. World over, we know that small and medium scale businesses are the backbone of every economy.

“There is no gain saying that President Tinubu is the lover of the masses. Mr President and his vice, Senator Keshim Shettima, who happens to be the chairman of the National Economic Council are doing their very best to improve the lives of Nigerians.

“This 75 billion naira is the second phase. Over 14,000 Ebonyians benefitted from the presidential grant scheme of 50,000 each. The beneficiaries testified how it impacted positively on their businesses.

“This second intervention is a loan to business owners. The process is ongoing and admirably, President Tinubu has increased the maximum loan from 1 billion to 5 billion each,” Zohu said.

The Ebonyi State office Manager of the Bank of Industry, Mr Chukwudi Asiegbu, also is closed that 14,776 Ebonyians benefitted from the presidential grant scheme of N50,000 each.