FG Launches Transport Track Of MSME Survival Fund

30 November 2020 By Mathew Ayoola

The Federal Government has formally launched the Transport Track of the Artisan and Transport Scheme under the MSME Survival Fund and Guaranteed Offtake Schemes.

On the occasion in Abuja, the Minister of State for Industry, Trade and Investment and Chairperson Steering Committee on the Scheme, Ambassador Mariam Yalwaji Katagum said 166,685 beneficiaries were being targeted under the transport track of the scheme.

Ambassador Mariam Katagum who was represented by the Director, Industrial Development Department, Ministry of Industry, Trade and Investment, Mr Adewale Bakare stated that each State of the Federation and the FCT would have 4,505 beneficiaries.

According to her, the targeted beneficiaries include taxi drivers, okada and Keke NAPEP riders, bus drivers, ride share drivers, cart pushers among others.

She explained that each qualified beneficiary would be given thirty thousand naira under the transport track of the scheme.

Ambassador Mariam Katagum added that the MSMEs Survival Fund and Guaranteed Offtake Schemes comprised of five different tracks approved under the Economic Sustainability Plan, ESP, to support and sustain the livelihood of vulnerable MSMEs and self employed individuals mostly affected by the COVID 19 pandemic.

In a remark, the Senior Special Assistant to the President on MSMEs, Office of the Vice President, Mr Tola Johnson reiterated the commitment of the Federal Government towards improving small scale businesses in the country.

Mr Tola Johnson who is the Coordinator of the Project cautioned Nigerians against fraudsters that may want to take advantage of the Survival Fund adding that nobody should pay anything as the registration for the scheme is free.

Also speaking, Representatives of NURTW, Mr Lawrence Fadipe and that of RTEAN, Alhaji Musa Saidu Zuba commended the Federal Government for the scheme.

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