MSMEs Survival Fund: We Must Find Ways Of Doing More- Osinbajo.

see Survival Fund: “Doubted Thomas” Regrets as Applicants Receive Alerts

By the end of December, an approximate of 400,000 Payroll Support beneficiaries would have received salaries for October to December

MSMEs Survival Fund: We Must Find Ways Of Doing More- Osinbajo.: The Survival Fund programme under the cover of the Economic Sustainability Plan has impacted and generated a lot interest in the country lately, the Vice President is calling for more to be done to address challenges affecting small and medium scale enterprises in Nigeria

See Survival Fund: Over 300,000 Nigerians Have Already Benefited- Osinbajo

In a vitual meeting with the Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum, the Vice President disclosed how over 500,000 beneficiaries were given funds in the Survival Fund Programme  

“Payroll Support Scheme has paid close to 350,000 beneficiaries; almost 166,000 0f 300,000 Artisans have benefitted from the Artisan & Transport Scheme, and the Corporate Affairs Commission is ramping up numbers to register 250,000 new businesses free of charge”- Osinbajo 2020

 “I think that we must find ways of expanding the scope of the scheme because when you look at the numbers that we have approval for, the numbers are small in comparison to the enormity of the problems that we are faced with.

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“Even if we are able to reach 2 million beneficiaries, it is still a tiny percentage of the millions who require help and assistance. So, I think, we have to find ways of trying to seek approval to expand the scope of the scheme. This is an important aspect of it.” He continued

By the end of December, an approximate of 400,000 Payroll Support beneficiaries would have received salaries for October to December, while structures have been put in place to commence the General Grants and the Guaranteed Offtake Scheme early next year.

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