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By Ifeanyi Nwoko
Abuja, Feb. 5, 2020 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 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.
By James Emejo
The Minister of State for Industry, Trade and Investment, Mrs. Mariam Katagum, Thursday said a total sum of N27 billion has so far been released for the implementation of the Survival Fund Scheme.
The fund was launched November 2020 alongside the Guaranteed Offtake Scheme (GOS), both targeted at assisting Micro Small and Medium Enterprises (MSMEs) to overcome the challenges posed by the COVID-19 pandemic.
The N75 billion project forms the core part of the N2.3 trillion Nigeria Economic Sustainability Plan (NESP) currently being implemented by the President Muhammadu Buhari-led administration to help cushion the impact of the pandemic with a view to boosting the economy by saving existing jobs and creating new job opportunities.
Daily Post Nigeria
Published
The Federal Government on Thursday, disbursed N27 billion to Micro Small and Medium Enterprises (MSMEs) as part of the MSMEs Survival Fund Scheme.
This was disclosed by the Minister of State, Industry, Trade and Investment, Amb. Mariam Katagum, while addressing newsmen on Thursday, in Abuja.
The minister revealed that the government would open portal for the last phase, February 9.
According to her, 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.
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