FG Distributes N30bn In Grants To Export Businesses.

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The Federal Government has given the go-ahead for 199 exporting enterprises to get promissory notes totalling N308, 458, 160, 546.41.

The payout falls under the Export Expansion Grant program, according to a statement signed by Ndubueze Okeke, Director of Corporate Communications for the Nigerian Export Promotion Council.

According to information obtained, N193, 456, 239, 386.40 was approved for 133 scheme beneficiaries in relation to EEG unresolved claims for the years 2017 to 2020, and N108, 317, 269, 008.76 was approved for 35 beneficiaries in relation to EEG unresolved claims for the years 2007 to 2016, respectively.

The council is still waiting for the sum of N60,635,088,940.63—the amount the EEG requests for—to be approved and released.

Punch

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