by IPC |

Is the Nigerian Government Giving a Grant of N140k for Small Businesses, Employed and Unemployed as Palliative?

On the 2nd of March 2024, a Facebook handle with the name Job Vacancies Abroad posted a broadcast that the federal government of Nigeria has a grant of ₦140,000 to give small business owners. The post reads;

“New Year’s Palliative Funds Available Now!”
“Open to All – Whether Employed or Unemployed, Seize Your Opportunity Today!”

Since the removal of fuel subsidies, Nigerians have seen decreased economic growth, increased inflation, increased poverty, and increases in the prices of goods and petroleum products.

To salvage the hardship, the government has evaluated the impact of fuel subsidy removal on individuals and businesses, and provided palliatives and other economic relief programs to cushion the adverse effect on individuals and firms.

According to media reports, some of the palliative measures include N75 billion to strengthen the manufacturing sector and increase its capacity to expand and create good-paying jobs; N200 billion to support the cultivation of 500,000 hectares of farmland and all-year-round farming practice; N100 billion to acquire 3,000 units of 20-seater CNG-fueled buses; and N1 trillion saved from fuel subsidies to be reinvested in the education sector and loans.

An additional N25,000 to the “average worker’s” salary for six months, as well as N35,000 and N25,000 allowances for workers and selected households, for a set period, including N75 billion that would be invested in the education sector.

Additionally, the government suggested paying the N35,000 allowance for federal workers for a period of six months with N315 billion. N1.13 trillion will be used to fund loans for students in higher education who might drop out owing to financial hardship. The government also proposed a palliative measure to help small-scale businesses.

Nonetheless, some economists have voiced concerns about the palliatives’ ability to solve the country’s economic issues, while others have suggested that the palliatives might not be able to be distributed across the country in a viable manner.

This has led to an open field for different announcements from unofficial sources, some of which are intended to scam unwary members of the public. This prompted iVerify Nigeria to verify the claim that the government is giving out ₦140,000 grant to all, whether employed or unemployed which was not attributed to any official source. The claim was, therefore, subject to a verification process.


Federal Government of Nigeria Grant Small Business, Employed and Unemployed ₦140,000 Palliative.

Rating Justification

iVerify Nigeria, observed that the information is passed through a non-governmental medium, but a job vacancy page on facebook. Although, it has the image of the president of Nigeria on the page, the coat of arms, and a call to get a grant of ₦140,000 for small businesses. Below the media poster is a bold inscription of “ ENTER YOUR DETAILS”, with a dialog box indicating where to put Full Names, E-mail address, phone number and Account number, beneath which there is another call to action dialog box of “Get Paid” and “Submit Application”.

We noticed that the website embodying the shown page is ‘bctop1auto.com’, clicking on the link took us to a web page with entirely different information from the claim. A bold ‘Disruptive Information’ was displayed from the top left of the page and the web page contains information on how to apply for an international student’s visa, and scholarships for asylum seekers and refugees to countries like the United Kingdom, Australia, Iceland and so on. This suggests that the claim posted is a click bait to drive home traffic to the bctop1auto.com web page.

We also observed that no reputable media platforms in the country published the report, while we also checked the official website of the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development (FMHADMSD), there was nothing about grant as claimed by the post.

With the aid of searches and keen observation done by iVerify Nigeria, the claim herein attached in the reference is misleading, because the claim only contains a click bait disguised as grant in order to drive traffic to bctop1auto.com which is a website for those seeking for travel visa.

Evidence and References

Link to the claim

Link to the Publication of the International Centre for Investigative Reporting (ICIR)

Link attached to the claim

Link to the official website of the Ministry of Humanitarian anfhttps://socialprotection.org/connect/stakeholders/nigeria-federal-ministry-humanitarian-affairs-disaster-management-and-social