On the 1st of October 2020, President Buhari launched the Artisan/Transport scheme under the Survival fund program. 333,000 artisans and transport businesses will be provided with 30 thousand Naira Grant each to reduce the effect of income loss during a pandemic. The following clusters have been identified as targets: ARTISAN CLUSTER Mechanics Associations and unions […]
It is clear that we cannot afford fuel subsidy anymore. Government revenues are shrinking, while the ordinary people deserve infrastructure which can’t be available without the resources. Government today is convinced that we need to shift to a new reality.This reality has been highly unfavourable to all Nigerians, who have expressed their utmost displeasure. After […]
The Federal Government in a bid to mitigate & cushion the impact of Covid 19 especially on farmers, has developed an insurance scheme to protect farmers from experiencing terrible losses during the planting season. PUNCH reports, The Federal Government through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has developed an insurance scheme designed […]
The economic recovery from the COVID-19 crisis in Nigeria hinges on the survival of SMEs, which employs a large fraction of the region’s workforce. The Federal Government is responding with economic stimulus packages, including liquidity or methods to prop up demand for SMEs. As a result of the ravaging pandemic, Small and Medium Enterprises SMEs […]
The ACGSF was established by Decree No. 20 of 1977, and started operations in April, 1978. Its original share capital and paid-up capital were N100 million and N85.6 million, respectively. The Federal Government holds 60% and the Central Bank of Nigeria, 40% of the shares. The capital base of the Scheme was increased to N3 […]
Nigeria’s creative industry is the second major creator of employment in the country after agriculture. Nigeria’s Minister of Information and Culture, Alhaji Lai Mohammed, launched the Committee for the implementation of COVID-19 palliatives to Nigeria’s creative industry, with the aim of designing a plan to boost productivity in the sector during and after the pandemic. […]
The federal government is set to unveil a N65 billion stimulus package to support the Organised Private Sector in Nigeria (OPSN) in the bid to boost the economy and mitigate the effect of the COVID-19 pandemic. Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, disclosed this at a virtual meeting held with members of […]
The Federal Government of Nigeria has distributed 38,142 kilogrammes of improved cashew seeds to Kogi farmers, to mitigate the effects of the COVID-19 pandemic. Sabo Nanono, the Minister of Agriculture and Rural Development, made this known at the roll-out of inputs to farmers in Lokoja on Thursday. The programme was organised by the Ministry of […]
The Federal Government of Nigeria is set to roll out palliatives to assist women-owned medium and small businesses (MSME’s) recover from the impact of the pandemic. This was disclosed by the Minister of Women Affairs, Mrs Pauline Tallen, in Abuja during the virtual E-launch of the National Survey on the impact of COVID-19 on women-owned […]
