Survival Fund: FG Disburses N27bn, Opens Last Scheme Portal Feb. 9
The federal government of Nigerian has been disbursing survival funds in the last few months and they have recently released another N27bn. Tola Johnson, Special Assistant to the President of MSMEs in the office of the Vice President, said that a total of 100,000 businesses across the 36 states and FCT would benefit from the new schemes.
He said that for the GOS, 2,640 businesses will benefit from 34 states while Abia state would get 3,080 beneficiaries, Kano 3,280 and Lagos 3,880 beneficiaries.
Vanguard reports, The Federal Government has disbursed N27 billion to Micro Small and Medium Enterprises (MSMEs) as part of the MSMEs Survival Fund Scheme.
Minister of State, Industry, Trade and Investment, Amb. Mariam Katagum, disclosed this on Thursday while briefing newsmen in Abuja.
Katagum said that the government would also roll out the last two schemes that make up the Survival Fund.
She said that the Steering Committee for the Survival Fund would turn in its reports to the Ministry of Finance as well as await the second tranche of the fund.
Katagum, who is also the Chairperson, Steering Committee, MSME Survival Fund And Guaranteed Off-Take Schemes (GOS), said the existing schemes were progressing seamlessly.
“The Federal Government is set to rollout the last two schemes of the MSMEs Survival Fund component of the National Economic Sustainability Plan (NESP) namely, the Guaranteed Offtake Scheme (GOS) and the General MSMEs Grant.
“Two of the components approved under the Economic Sustainability Plan (ESP) are the MSMEs Survival Fund and Guaranteed Off-take Scheme.
The Steering Committee approved the implementation of the 2 Schemes in 5 distinct parts namely; the Payroll Support Scheme, Artisan and Transport Scheme, Formalization Support Scheme, General MSMEs Grant and the Guaranteed Offtake Scheme.
“Under these two components, the portal will open from 11:59pm on Tuesday, 9th February 2021 to Thursday 18th February 2021 for the Guaranteed Off take Scheme (GOS) and General MSME Grant Applications.
“All interested MSMEs can go directly to the Portal and register for either of the Schemes free of charge,” she said.
Source: https://www.vanguardngr.com/2021/02/survival-fund-fg-disburses-n27bn-opens-last-scheme-portal-feb-9/
