The Ministry of Industry, Trade, and Investment has directed applicants of the Presidential Conditional Grant Scheme to submit their National Identification Numbers (NIN) as 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.

The government through the Bank of Industry had said it would be disbursing three categories of funding totalling 200 billion naira to support manufacturers and businesses across the country.

It said 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.

It added that only verified applicants will receive this notification, and NINs must match the applicant’s name for the process to proceed.