Skip to main content

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

NSE vows to enhance retail investment opportunities

NSE vows to enhance retail investment opportunities   The Nigerian Stock Exchange has expressed its commitment to redefining and improving investors’ overall experience in the Nigerian capital market, and ensuring that it remains modern, convenient and secure. This was highlighted at the inaugural edition of the Retail Investors’ Webinar hosted by the Exchange in collaboration with the Nigerian International Securities Limited on Monday. The event, with the theme ‘Capital market investing in a digital age’, was supported by the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria. Speaking during the webinar, the Chief Executive Officer, NSE, Mr Oscar Onyema, said, “Investor participation is central to the growth and sustainable development of any economy. “The Exchange is, therefore, committed to facilitating conversations that will expound on the retail investment opportunities available in the capital market and the chann...
Post a Comment
Read more

NAIRA WEAKENS TO LOWEST IN THREE YEARS

NAIRA WEAKENS TO LOWEST IN THREE YEARS The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opportunities for recipients of remittances such as exporters and private individuals. Pent up demand in the foreign exchange market is not unprecedente...
Post a Comment
Read more

ACCESS BANK TO HOLD FOURTH EDITION OF BUSINESS CLINIC.

ACCESS BANK TO HOLD FOURTH EDITION OF BUSINESS CLINIC. The MSME arm of one of the leading New Generation Banks in Nigeria, Access Bank Plc will hold its fourth edition of its specialized virtual business training session on Thursday 24 th September 2020. The Sessions which is tagged Access Digital Business Clinic is open for Macro, Small and Medium Entrepreneurs from across Nigeria According to the facilitators of the training, the clinic is a one-on-one business consulting and advisory sessions with experts, who will diagnose and proffer practical and tailor-made solutions to the challenges that MSME owners might be experiencing in the course of running your business.  However to gain access into the Business Clinic and to have a better understanding of what to expect at the Business clinic, the bank will be holding a virtual technical test session on Tuesday, 22 nd September, 2020, time: 2:00PM - 2:30PM. To register or join the Live Test Session visit: https://te...
Post a Comment
Read more