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The minister explained,“Each grant recipient receives ₦50,000, aimed at small businesses verified through their Bank Verification Number (BVN) and National Identification Number (NIN).” The disbursement process ensures that the grants are deposited directly into the beneficiaries’ accounts following thorough verification.
“So far, about 100,000 small businesses have received the initial disbursement,”Uzoka-Anite said, with the overall target set at reaching one million businesses..
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