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.
FG extends registration for survival fund for 29 states withinnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from withinnigeria.com Daily Mail and Mail on Sunday newspapers.
It has become imperative to expand the scope and reach of the Survival Fund which is under the Economic Sustainability Plan (ESP), according to Vice President Yemi Osinbajo.
The vice president dropped the hint during a virtual meeting attended by Minister of State for Industry, Trade and Investment,
Amb Mariam Katagum who is the Chairperson of the Committee and Chairman of First Bank, Mrs Ibukun Awosika, the Committee s Vice Chairperson, among other members.
According to the vice president s office, the scheme has commenced disbursement to about 500,000 beneficiaries: the Payroll Support Scheme has paid close to 350,000 beneficiaries; almost 166,000 0f 300,000 artisans have benefitted from the Artisan and Transport Scheme; and the Corporate Affairs Commission is ramping up numbers to register 250,000 new businesses free of charge.
… VP meets automotive manufacturers on new tariffs
By Johnbosco Agbakwuru
THERE are indications that the Federal Government is considering to expand the scope and reach of the Micro, Small and Medium Enterprises (MSME) Survival Fund Scheme.
Vice President Professor Yemi Osinbajo drop the hint during a virtual meeting with the Steering Committee of the MSMEs Survival Fund before the Christmas holidays.
In a statement issued by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande in Abuja yesterday explained that the meeting was attended by Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum, Chairperson of the Committee; the Chairman of First Bank, Mrs Ibukun Awosika, the Committee’s Vice Chairperson, among other members.