Survival Fund: Federal Government Intensifies Disbursement To Artisans & Transporters

24 November 2020 By Mathew Ayoola

The Federal Government has approved the disbursement of thirty thousand naira each to 16,253 MSMEs under its MSMEs Survival Fund and Guarantee Offtake Schemes.

The Chairman, Steering Committee of the Project and Minister of State, Ministry of Industry, Trade and Investment, Ambassador Mariam Yalwaji Katagum made this known while updating newsmen on the scheme in Abuja.

Ambassador Mariam Katagum said the amount accounted for a total of 101,567 beneficiaries.

According to her, thirty thousand naira was also paid to 94,696 employees/beneficiaries while fifty thousand was paid to each of the 6,871 employees/beneficiaries of the scheme out of which 2.6 percent beneficiaries are people with special needs while 43 percent of the total beneficiaries are women.

She stated that the Committee had last week also verified for payment of 101,567 beneficiaries sourced from 16,253 businesses.

Ambassador Mariam Katagum explained that the beneficiaries across the country include, Lagos State – 25,000, Kano – 17,000, Abia – 16,000, and 13,000 for other States .

“Artisan track scheme is being implemented in three streams and enumeration of prospective beneficiaries under the first stream commenced on October 1st while payment to beneficiaries in the stream had also been approved with 29,000 beneficiaries mainly artisans due for payment in FCT, Lagos, Ondo, Kaduna, Borno, Kano, Bauchi, Anambra, Plateau and Delta States” the Minister stated.

Ambassador Mariam Katagum said the schemes were in five tracks namely payroll support, general MSMEs grant, artisan transport grants, and guarantee Offtake stimulus

In a remark, the Special Assistant to the President on MSMEs, Office of the Vice President, Mr Tola Johnson assured eligible beneficiaries of the Federal Government’s support in improving their businesses.

Mr Tola Johnson who is the Project Coordinator for the Scheme therefore warned Nigerians against fraudsters that may want to take advantage of the programme in defrauding them adding that registration for the scheme is free.

Earlier, the Director General of SMEDAN, Doctor Dikko Umar commended the media for their support towards the programme and solicited more awareness from them to ensure the success of the scheme.

The SMEDAN Director General reiterated the commitment of the present administration towards the growth of small scale businesses in the country.

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