Global News

433,000 Nigerians, Businesses To Get N50,000, N30,000 Each – FG

433,000 Nigerians, Businesses To Get N50,000, N30,000 Each – FG (Updated: 2 years ago)


The presidential aide made the announcement at the inauguration of the Implementation of Survival Fund and Guaranteed Off-Take Stimulus Schemes for MSMEs on Thursday in Abuja.

Johnson, the Project Coordinator, said that the schemes were part of the Economic Sustainability Plan drafted by Vice President Yemi Osinbajo-led committee and approved by President Muhammadu Buhari.

“The Payroll Support targets 100,000 businesses. However, the number of individuals who will benefit from this is 500,000. What the government has done is to say that there a lot of MSMEs that have been affected by the COVID-19 pandemic lockdown.

“Afterward, there is a CAC (Corporate Affairs Commission) free registration; it is free for the MSMEs but the government is paying the CAC for this. What the government has done is to say to the CAC, you do this regularly to the MSMEs at about N12,000 or thereabout; give it to us at half price, we will give it to the MSMEs free”.

Johnson added that under the National MSMEs Clinic, Osinbajo and the Minister of Industry, Trade and Investment went to no fewer than 26 states.

He said it was discovered that very creative businesses were not registered.

“They will tell you they don’t have N10,000 to N12,000 to register their businesses. The government had promised that at some point, we will do and I think the opportunity has come now; the opportunity cannot be better than now.’

The official also announced that under the Survival Fund, the last strap would be the Transport and Artisans Support.

At least 333,000 beneficiaries will get a one-off N30,000 grant, Johnson said.

He added that the government will work with associations, individuals and the Ministry of Transportation to implement the scheme.

Tags

Add a coment

Recent Posts

Lamboginny
Lamboginny
Samklef
Samklef
Jaywon
Jaywon
Eva Alordiah
Eva Alordiah
Burna Boy
Burna Boy
DJ Baddo
DJ Baddo
Dr Dolor
Dr Dolor
Barry Jhay
Barry Jhay
Kwesi Arthur
Kwesi Arthur
Ceeza Milli
Ceeza Milli
Sean Tizzle
Sean Tizzle
Fireboy DML
Fireboy DML
Popcaan
Popcaan
Killertunes
Killertunes
Umu Obiligbo
Umu Obiligbo
Don Jazzy
Don Jazzy
Efe
Efe
JeriQ
JeriQ
Seriki
Seriki
King Perry
King Perry
DJ OP Dot
DJ OP Dot
Wizkid
Wizkid
Sarz
Sarz
Victor AD
Victor AD
H.E.R
H.E.R
Zoro
Zoro
Ojayy Wright
Ojayy Wright
Victoria...
Victoria...
DJ Switch
DJ Switch
A-Q
A-Q
Ijoba...
Ijoba...
Gyakie
Gyakie
Oritse Femi
Oritse Femi
Seyi Vibez
Seyi Vibez
T.I Blaze
T.I Blaze
Rema
Rema
S Gee
S Gee
Oxlade
Oxlade
May D
May D
Omah Lay
Omah Lay
NAIJAKIT.COM