FG ₦60,000 SPW Loan – Begins
FG Starts Of ₦60,000 SPW Loan Disbursement – The Federal Government of Nigeria has started disbursement of the sum of N7.3 billion for the remaining beneficiaries of the 774,000 Special Public Works Programme. In the past 2 weeks, bank credit alerts have been received confirming this.
The Minister of State for Labour and Employment, Festus Keyamo, disclosed this would soon be paid during the budget defence organised by the Senate Committee on Labour and Employment for Ministries, Departments and Agencies (MDAs) on Monday in Abuja.
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READ: N500 million loan for SME: Get Access Now
The minister blamed the delay on bank challenges and stated that FG is committed to fixing the bottlenecks before the end of the year. Keyamo promised that the ministry would ensure that the funds were disbursed. The scheme, which was launched in 2019 is expected to pay beneficiaries the sum of N20,000 a month for three months.
READ: FG to roll out ₦50K GEEP Loan for MSMEs
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