The Ministry of Industry, Trade, and Investment has disclosed that, according to a new regulation by the Central Bank of Nigeria (CBN), applicants of the Presidential Conditional Grant Scheme are to submit their National Identification Numbers (NIN), News About Nigeria reports.
The Trade Minister, Doris Aniete, issued the new directive in a post on her official X (formerly Twitter) on Sunday.
She noted that the submission of NIN is part of the necessary requirements to obtain a grant earmarked to cushion the effect that recent economic reforms have had on businesses in the country.
Recall that the federal government, through the Bank of Industry, had said it would be disbursing three categories of funding totaling N200 billion to support manufacturers and businesses across the country.
It was noted that the new rule was based on the new regulations from the Central Bank of Nigeria directing Nigerians to link their national identification numbers with their bank accounts.
However, Aniete, via her X handle, maintained that the information of the applicant’s NIN will be submitted via a secure link, so they have nothing to worry about, adding that this step is essential for the continuation of the application process.
She added that only verified applicants will receive a notification, and NINs must match the applicant’s name for the process to proceed.
Due to new regulations from the Central Bank of Nigeria, it is now required for applicants to link their National Identification Numbers with their bank accounts. We currently do not have a record of the NINs of those who applied. Therefore all applicants will receive an SMS from ‘FGGRANTLOAN’ with instructions to submit this information via a secure link. This step is essential for the continuation of the application process,” the post reads in part.
