Beneficiaries nationwide to receive one-time grant, with Lagos, Kano, FCT & nine more States in first batch

*Enumeration, verification still ongoing for Payroll Support Scheme

*Free CAC Business Names’ Registration for 250,000 MSMEs also commences

As the implementation of the Economic Sustainability Plan progresses, the payment of N30,000 one-time grant to 333,000 artisans across the country is now in progress.

The payments are being made to sets of verified beneficiaries of the Artisan Support Scheme, a track under the MSMEs Survival Fund.

In the first stream of payments starting today, beneficiaries are being drawn from the FCT, Lagos, Ondo, Kaduna, Borno, Kano, Bauchi, Anambra, Abia, Rivers, Plateau and Delta States. They form the first batch of applications for the scheme submitted between October 1 and October 10.

The MSMEs Survival Fund scheme is a component of the Nigerian Economic Sustainability Plan, NESP, which was developed by an Economic Sustainability Committee established by President Muhammadu Buhari in March 2020. The President asked his deputy, Vice President Yemi Osinbajo, SAN, to head the committee which produced and is overseeing the implementation of the plan.

Under the ESP, the Survival Fund is generally designed to among other things, support vulnerable MSMEs in meeting their different obligations and safeguard jobs in the sector.

It would be recalled that applications for the Artisans’ Support Scheme under the MSMEs Survival Fund opened on October 1.

Meanwhile, the enumeration for the second stream of States under the Artisan Support Scheme has also commenced with enumerators in various States compiling the lists of artisans through their association leaders. All artisans are expected to liaise with their association leaders to document their details.

The registration of applicants for Stream 2 began on the 19th October 2020. States under Stream 2 are: Edo, Ogun, Ekiti, Katsina, Kebbi, Kogi, Kwara, Enugu, Ebonyi, Adamawa, Taraba, Bayelsa

In the same vein, enumeration and verification of the documents of applicants under the Survival Fund Payroll Support scheme is still ongoing. Dates for the commencement of payment would be announced in due course.

The application process for the payroll support scheme, which began on September 21, had ended on the 15th of October 2020. Accepted applications are categorized by industry sectors, including Education and Hospitality, among other sectors.

However, there may be an extension for applications for some States that have not met their quota on beneficiaries. The Artisan Support Scheme is to benefit about 9,000 Nigerians per State and FCT.

In addition, the formalization support under the MSME Survival Fund will also commence today. This involves free business names’ registration for 250,000 MSMEs nationwide by the Corporate Affairs Commission (CAC).

According to the CAC, 6,606 business names in each of the 34 states will be registered for free. In Abuja, there would be 7,906 free registrations, 9,084 in Lagos and 8,406 free business names from Kano.

Also, a date for the commencement of the Guaranteed Offtake Scheme under the Survival Fund will be announced soon. This scheme is designed to safeguard existing small businesses and save jobs while ensuring continued local production by guaranteeing off-take of priority products

The Offtake Scheme is a track specifically for MSMEs that are into production of items approved by the Steering Committee of the Survival Fund coordinated under the leadership of the Industry, Trade and Investment Minister of State Ambassador Mariam Katagum. The basic requirements include CAC certificate, valid BVN, SON or NAFDAC certification.

The N2.3 Trillion Economic Sustainability Plan consists of fiscal, monetary and sectoral measures to enhance local production, support businesses, retain, create jobs and provide succour to Nigerians, especially the most vulnerable.

*Laolu Akande,*
*Senior Special Assistant to the President on Media & Publicity,*
*Office of the Vice President.*
27th October, 2020

Ok. Congrats to the beneficiaries

abi

This is very commendable. Thanks to the brain behind the bouncing back NESP.

Now the registration of business at CAC has begun and people have already started registring for free.

The kind of good news I want to hear...

Congratulations to those who applied for it

Congratulations to those that applied for it, this is great commendable.

Too many schemes that are benefiting the masses are currently running under the able leadership of President Mohammadu Buhari.

Apart from being honest and disciplined, he's also frugal and judicious with the way he manages our scarce resources to ably perform wonders in the areas of infrastructure, agriculture, human resources, and other aspects of our economy, despite inheriting peanuts from the previous extravagant administration.

With all he's done and still doing with little, imagine what he'd have done in the time of plenty... Paying for the registration of 250,000 businesses, uplifting the staff of 100,000 micro, small - and medium - enterprises, N-Agro, Marketmoni, Farmermoni, N-Power, N-Tech, Tradermoni, Anchor Borrowers Programme (ABP [which substantially raised the production of rice between 2015 and 2019.]), The Finance Act, 2019, Creation of a National Collateral Registry (NCR), Nigeria’s Micro Pension Scheme(including payment of outstanding pension arrears[33%] over 9000 NITEL pensioners paid after years of neglect by previous administrations, Delta Steel Company pensioners on payroll after suffering similar fate, Retired Biafran Police Officers(pardoned by President Obasanjo in 2000, but neglected. President Buhari approved their payment of pension, Nigeria Airways pensioners, etc.)..

Too many schemes to help helpless Nigerians who were abandoned by previous administrations in the time of plenty. Yet, President Mohammadu Buhari has tried to cater for them, despite the little he inherited. He is simply an example of a true leader. A leader who has the interests of his people at heart. A leader who means well for his country. Full of integrity, disciplined, a disciplinarian, honest, incorruptible, brave, name them..

President Mohammadu Buhari is simply a Godsent...

May God bless him for all the good things he is doing.

God bless all the patriotic citizens of this great country.
God bless the Federal Republic of Nigeria.

Borrowing to share is funny economic plan

Lalasticlala, this thread deserves Front page.

God bless Nigeria.

I Love PMB

All this socialist policies and failure what would 30 thousand do for a business in Nigeria

99% of people who receive this money can't use it to improve their business

Why not pice say 18,000 people give them 1 million each ...in 3 years this 18 thousand would create permanent jobs for at least 10 people each ....that's almost 200k jobs created ...with just 18 billion

The ripple effect is massive ...buka sales more , clothes sellers sales more , more house is rented we are talking about close to 1 billion dollars added to gdp

But now 330,000 is given 30k ...most would eat it ...jobs created would be almost zero ...impact on gdp almost zero and u wonder why we can't grow

This one is better. My governor is empowering youths with 12k. I will just use mine to play bet. I can't come and kill myself. Which business can I do with 12k?

Igbochief001:
All this socialist policies and failure what would 30 thousand do for a business in Nigeria

99% of people who receive this money can't use it to improve their business

Why not pice say 18,000 people give them 1 million each ...in 3 years this 18 thousand would create permanent jobs for at least 10 people each ....that's almost 200k jobs created ...with just 18 billion

The ripple effect is massive ...buka sales more , clothes sellers sales more , more house is rented we are talking about close to 1 billion dollars added to gdp

But now 330,000 is given 30k ...most would eat it ...jobs created would be almost zero ...impact on gdp almost zero and u wonder why we can't grow

Buhari's Economic Policy: Plunge 100 million people into abject poverty; Share little money to a few thousands people. Is that how China got developed? The most funny party is that most of the money sharing is audio.

DamZik:
Buhari's Economic Policy: Plunge 100 million people into abject poverty; Share little money to a few thousands people. Is that how China got developed? The most funny party is that most of the money sharing is audio.

Truth of the mater is of this man was serious about developing Nigeria he would have

Spend $1 billion into improved seeds development ....$1 billion into farm machinery manufacturing ....boom we can add $150 billion to our economy a year

If farming is profitable u won't beg people to farm ..

Meet the top importers of products we can produce offer grant for them to start manufacturing here

Aggressive skill learning across Nigeria .....in areas that are needed ...ict , fashion , art , food , mini production etc

Nigeria is easy to develop just dumb leaders that can't even plan lie well

Ordinary to kill people in lekki and disband protest they can't even do that one well

Very Commendable