MSMEs Survival Fund: FG Pays N30,000 to 333,000 Artisans

0
196
File Photo of Nigeria's Vice President Yemi Osinbajo at his State House office, Abuja, during a virtual roundtable dialogue organised by the Justice Research Institute.
Article1

As part of the Federal Government’s Economic Sustainability Plan (ESP), a total number of 333,000 artisans across the country has been paid the sum of N30,000 one-time grant.

This was disclosed in statement by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Mr Laolu Akande, who explained that the payments were made to verified beneficiaries of the Artisan Support Scheme, which is implemented under the MSMEs Survival Fund.

READ ALSO:

Eidul-Mawlid: Nigeria Observes Public Holiday on Thursday

The first stream of payments, which started on Tuesday, included beneficiaries from the FCT, Lagos, Ondo, Kaduna, Borno, Kano, Bauchi, Anambra, Abia, Rivers, Plateau and Delta States. The paid beneficiaries from the first batch of the applications for the scheme submitted between October 1 and October 10.

The MSMEs Survival Fund scheme is a component of the Nigerian Economic Sustainability Plan (NESP), which was developed and implemented by an Economic Sustainability Committee established by President Muhammadu Buhari in March 2020, and headed by Vice President Yemi Osinbajo.

READ ALSO:

Governor Sanwo-Olu Approves Full Reopneing of Lagos Markets

The ESP-Survival Fund is aimed at supporting the vulnerable MSMEs and averting job losses in the face of the coronavirus pandemic that has created critical economic shocks across the globe.

States under Stream 2 include Edo, Ogun, Ekiti, Katsina, Kebbi, Kogi, Kwara, Enugu, Ebonyi, Adamawa, Taraba, Bayelsa