FG says 174,574 successfully register for N75 billion MSME survival fund in 48 hours

The Federal Government has disclosed that a total of 174,574 persons successfully registered for the N75bn National MSME Survival Fund and the Guaranteed Off-take Stimulus schemes under the Nigeria Economic Sustainability Plan, within 48 hours.

The disclosure was made by the Minister of Industry, Trade and Investment, Ambassador Mariam Katagum, during a media briefing on the update of the schemes, on Thursday, September 24, 2020.

Mariam Katagum, in her statement, said: “As at 8.30 am this (Thursday) morning, total successful registrations stood at 174,574 with the following states having the highest applications as follows: Kano, 19,895; Kaduna, 13,575; Lagos, 13,640; Katsina: 8,383; Federal Capital Territory, 8,085.”

She stated that the registration for the MSME Survival Fund commenced on September 21, 2020, at 11 pm, and within 24 hours, approximately 138,000 individuals had logged on, created profiles and completed the first stage of registration with Kano, Kaduna and Lagos as lead states.

Going further, Katagum said, “All successful applicants received SMS and email verification with a list of requirements for the second stage of application which would commence on October 1, 2020. Applicants will be required to upload details supporting their applications which will be verified and if successful, approved for disbursements.”

The minister further disclosed the states that recorded the highest numbers of applications within the first 24 hours of registration; these are Kano, which recorded 16,880: Kaduna, 11,438; Lagos, 10, 530; Katsina, 7,354; and Bauchi, 6,622.

Explore the Nairametrics Research Website for Economic and Financial Data

She also stated that registration for other tracks would start next with the hospitality industry coming on September 25, 2020, by 10 am; payroll support (others), September 28, 2020, 10 am; while artisan/transport grants would start on October 1, 2020.

Nairametrics had two days ago reported the opening of the portal for its N75 billion Micro, Small and Medium (MSMEs) Survival Fund and Guaranteed Off-take schemes with effect from 10 pm on Monday, September 21, 2020.

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These two MSMEs initiatives namely MSMEs Survival Fund with payroll support track and the Guaranteed Offtake Scheme which are at the core of FG’s N2.3 stimulus package in the Economic Sustainability Plan, were introduced by it as part of the efforts to help businesses overcome challenges posed by the Covid-19 pandemic.

Hon. Minister of State (@TradeInvestNG ),Amb. Mariam Yalwaji Katagum briefed members of the Media on update of the N75 billion National MSMEs Survival Fund (@SurvivalFund_ng ) and the Guaranteed Off-take Schemes under the Nigeria Economic Sustainability Plan (NESP) today. pic.twitter.com/r6qiFu79Gj

— FMITI Nigeria (@TradeInvestNG) September 24, 2020

Comments 5

Samson Garba Musa

September 27, 2020 · 9:44 pm

How can I be part of this program, am from Abuja.

Aniedi Akpan .

October 7, 2020 · 9:53 am

Pls.l want to be part of this program . I’m from Akwa Ibom State .

Yaya Bulama

November 5, 2020 · 9:52 pm

Thanks for the accept to my issues Nigeria one nation one distinct

aminu isah

July 7, 2021 · 5:14 pm

we want tallafi mu yan Nigeria

Zulkifilu

January 22, 2023 · 1:15 am

Thank you
For this thing