Skip to main content

70,000 businesses to benefit from MSME Covid-19 funds – FG

70,000 businesses to benefit from MSME Covid-19 funds – FG

The Federal Government has reiterated its commitment to fully execute the N75billion Micro, Small, and Medium Enterprises (MSMEs) Survival Fund.

It said the scheme, which is aimed at alleviating the challenges faced by small businesses during and after the Covid-19 pandemic, has so far attracted 432,000 applications from 12 states out of which 70,000 have been picked.
The Special Assistant to the President on MSMEs in the office of the Vice-President, Tola Adekunle Johnson, disclosed this on Monday while giving an update on the scheme.

He explained that the scheme “is different from Trader Money because it is not a loan but a grant”.
“The payroll support goes straight to the beneficiary’s account with his or her bank identification number (BVN). We have completed data collection on this and hope to publicize it at the end of the scheme, we don’t pay through association,” he said.

Comments

Post a Comment

Popular posts from this blog

CALL FOR APPLICATIONS

CALL FOR APPLICATIONS: 2021/2022 FEDERAL GOVERNMENT  SCHOLARSHIP AWARD The Honourable Minister of Education hereby invites interested and qualified Nigerians to participate in the 2021/2022 Federal Government Scholarship Awards Apply Here: https://t.co/y8FJD5Ocf5 https://t.co/LBYON30DCX
Post a Comment
Read more

Okomu Oil company gives 35 indigent students bursary awards in Edo

Okomu Oil company gives 35 indigent students bursary awards in Edo   Okomu Oil company has given out cheques of N90,000 each to no fewer than 35 students of tertiary institutions from about 20 host communities in three local government areas where it operates in Edo. The Managing Director of the company, Dr Graham Hefer, presentated cheques to the beneficiaries at a ceremony held in Okomu on Friday, in Ovia South West local government area (LGA) of Edo. The host communities from where the beneficiaries were drawn are located in Ovia South West, Ovia North-East and Uhunmwode LGAs. Hefer said the gesture was part of the company’s Corporate Social Responsibility (CSR) to encourage educational pursuit among indigent students in its host communities through award of bursary. ” It’s a fact that this year has been challenging and tough, but as a company, we are happy that we are able to still fulfil part of of CSR to our host communities. ” This year’s message is that ...
Post a Comment
Read more

Nigeria’s second-largest cement maker eyes new mega plant

Nigeria’s second-largest cement maker eyes new mega plant Nigeria’s BUA Cement plans to set up a mega plant in the Northeastern Adamawa State in furtherance of the company’s business expansion program, Chairman Abdulsamad Rabiu has said. The 3 million metric tonnes cement plant will be located in Guyuk and Lamurde local governments of the state, as preliminary findings show that the LGAs are reputed to have a good quality of limestone deposits, Rabiu said during a courtesy visit to the Adamawa State Governor, Ahmadu Umaru Fintiri in the Government House, Yola. The Guyuk Cement Plant will be accompanied by a 50 megawatts power plant to supply power to the proposed cement plant and communities of Guyuk and Lamurde in addition to providing 3,000 direct and 5,000 indirect jobs, according to the Chairman.\ The planned investment in Adamawa will be BUA’s major investment in North-East Nigeria and its strategy of sourcing raw materials locally – the majority of the firm’...
Post a Comment
Read more