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FG SURVIVAL FUND TO COMMENCE REGISTRATION FEBRUARY 9TH

MSMEs SURVIVAL FUND TO COMMENCE REGISTRATION FOR GUARANTEED OFF-TAKE STIMULUS SCHEME & GENERAL MSME GRANT
 
 

100,000 Nigerians to benefit from one-off N50,000 MSME grant

 The chairman of the Steering Committee of the MSMEs Survival Fund and guaranteed Off-take Stimulus Scheme and Honourable Minister of State, Federal Ministry of Industry, Trade and Investment, Amb. Mariam Y. Katagum, has announced the commencement of the Guaranteed Off-take Stimulus Scheme and the MSME Grant portal opening from February, 9th, 2021.

 The Guaranteed Off-take Stimulus Scheme according to Amb. Katagum is aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their products.
 
According to her, a total of 100,000 Micro and Small Enterprises are to benefit from the scheme.
 
The total target national number of beneficiaries is 100,000. The breakdown is as follows: Lagos, 3,880; Kano, 3,280; Abia, 3,080; while the other states will each have 2,640 beneficiaries.
 
The qualification criteria for this Scheme are as follows:
 
1. Applicant must be a Nigerian National.

2. Applicant must be registered under Corporate Affairs Commission with at least a Business Name certificate

3. Applicant must have a verifiable BVN and Bank Account

4. Applicant must have at least 2 staff

5. Applicant must be ready to produce under NAFDAC and SON specifications.
 
The list of products captured in the Guaranteed Off-take Stimulus Scheme track is as below:
 
PRODUCT LIST FOR GUARANTEED OFFTAKE
 
CATEGORY A         
SANITIZATION & CLEANING
 
LOT 1  PRODUCT
1          Face Masks
2          Liquid Soap
3          Disinfectant
4          Hand Sanitizer
 
CATEGORY B
PROCESSED FOODS
 
LOT 2  GRAINS
1          Beans
2          Garri
3          Acha
4          Alkama
5          Brabusco
6          Rice (Parboiled)
7          Rice (Raw)
 
LOT 3  FLOUR
1          Yam Flour
2          Plantain Flour
3          Soya Bean Flour
4          Garin Danwake
5          Cassava Flour
 
LOT 4  OIL
1          Palm oil
2          Groundnut Oil
3          Coconut Oil
4          Honey
5          Soyabean Oil
 
LOT 5  SPICES
1          Dry Locust beans
2          Curry Powder
3          Tumeric Powder
4          Ginger Powder
5          Garlic Powder
 
The General MSME Grant is a one-off grant of N50,000 that will be given to each qualified MSME as direct cash injection into their enterprise. the total number of beneficiaries in this track is 100,000 spread across the States.
 
In the same vein, the General MSME Grant quota as s follows: LAGOS, 3,880; KANO, 3,280; ABIA, 3,080; and other states, 2,640.
 
All potential beneficiaries of this track must meet the following criteria:
 
1. Applicant must be a Nigerian National.

2. Applicant must be registered under Corporate Affairs Commission with at least a Business Name certificate

3. Applicant must have a verifiable BVN and Bank Account.
 
For further details, please visit: 

www.survivalfund.gov.ng
 
Kindly note that registration for this scheme is ABSOLUTELY FREE. Beware of fraudulent persons.
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