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Presidency gives update on MSMEs Survival Fund

Presidency gives update on MSMEs Survival Fund (Updated: 2 years ago)


The Presidency has said that small business operators aren’t required to undergo any form of training before accessing the Micro Small and Medium Enterprises (MSMEs) Survival Fund.

The Special Assistant to the President on MSMEs, Office of the Vice President, Mr Tola Johnson, made the clarification at the inauguration of the Transport Track of the fund in Abuja on Monday.

Johnson said the programme was being run in a direct and transparent manner, adding that the beneficiaries could be reached for confirmation.

He said, “To state very clearly, for the MSMEs Survival Fund, we’re not training anybody; we believe you’re the owners of your businesses; you’ve been running them for years.

“What we’re doing is just to support you; you’re not required to do any training to qualify; what you need to do is to apply; it’s on a first come, first serve.

“There’s no element of audio money in the scheme; the contacts of the beneficiaries are available to be contacted for confirmation.

“The Federal Government has started getting it right with schemes like this; what we need is more schemes that are straight forward.

“People are calling that this is replicated in every other government programme; let the money go straight to the users.”

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