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

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