Tola Johnson, Special Assistant to President Muhammadu Buhari on Micro Small and Medium and Medium Enterprises(MSMEs), says 100,000 small businesses will get N50,000 each.

NAN reports that the gesture is part of COVID-19 economic stimulus.

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.

https://dailypost.ng/2020/09/10/433000-nigerians-businesses-to-get-n50000-n3000-each-buhari-govt/

What kind of foolish socialist government is this? Buhari wants to turn nigeria to venezuala. Didnt they say, no money? And thats why they are taxing us to death? They will soön come and blame middle men again. They keep stealing money through fake social channels and this zombies keep supporting them.

Be transparent with implementation of this program. It is wonderful to support credible MSMEs as much as possible but put the list of beneficiary firms, owners, address, phone number and number of employees on a website for anybody to track.

Cancel, yes I mean CANCEL the proposed Transport and Artisans Support of N30,000 Grant for 333000 beneficiaries and use it to attract jobless youths to take to crop production, food processing and poultry business. We have no business having food shortage with our population or not being self-sufficient in poultry products.

They want to tell us another story...

Which looted money did we currently receive?

This is a kind of government I like because they are after the progress of masses , I'm really happy because this will boost my business

This is highly commendable, it shows the government has the citizens in mind. Promise fulfilled.

mtchew. See those Stoopid mumus up there shingbain una no fit see. ALL the money will be used to build more malls for their wives and more cars for their kids.

Another looting loading...

Money will end up in private pocket

50k for msme, how much be price of fuel to fuel generator in a month?

yoruba1914:
What kind of foolish socialist government is this? Buhari wants to turn nigeria to venezuala. Didnt they say, no money? And thats why they are taxing us to death? They will soön come and blame middle men again. They keep stealing money through fake social channels and this zombies keep supporting them.

Is American Government also a socialist for bailing out businesses and individuals?

May God save us from Enemy Within

joelbooks:

Is American Government also a socialist for bailing out businesses and individuals?

May God save us from Enemy Within

Just like they bailed out the market women & poor with 10k & 5k before election

Achuwa1:

Just like they bailed out the market women & poor with 10k & 5k before election

you dey mind that mugu? Nigerians are too gullible. No critical thinking.

okefrancis:
This is a kind of government I like because they are after the progress of masses , I'm really happy because this will boost my business

Tarty tausand boost ur biznez?
R u selling akamu and kulikuli?

Clueless and daft govt..

okefrancis:
This is a kind of government I like because they are after the progress of masses , I'm really happy because this will boost my business

really? just be honest!!!

Where is the database to share such funds?.. the children humanitarian minister shared food for, how many homes did it take out of poverty?

- Channel the 100k/50k to pay school children fees in primary schools/secondary and university, it would save money for the parents which would boost their businesses/rent. A lot of parents don't even know how to pay fees, some have given up till next year.

That way, schools wont see a reason to retrench teachers due to low turn out of students, businesses would be grown, accommodation would be secured, jobs wont be lost, education would be assured.

yoruba1914:
What kind of foolish socialist government is this? Buhari wants to turn nigeria to venezuala. Didnt they say, no money? And thats why they are taxing us to death? They will soön come and blame middle men again. They keep stealing money through fake social channels and this zombies keep supporting them.

If they don’t give stimulus funding to small businesses, you will say America did that why is Buhari not doing it. Now they are giving funding to those businesses, you are here saying the government is foolish.

What exactly do you want?

If anyone is a zombie here, you are the one because you obviously can’t think for yourself. It’s just as if you are a programmed robot that must always blame the government no matter the content of the post.

Should we celebrate yet or not?
But, what is 30k and 50k?

azmanaty02:
Clueless and daft govt..

Stop it

BestMan001:


Stop it

Why?

If u like go collect...
make them blame u say the money wey den wan take run government nai den give u.

How come such funds never reach many Nigerian businesses are the end of the day? Nawaoo. We need to purge ourselves of these demons at all levels of our government to grow.

This bold handwritting is missing "LOAN." Can anyone figure it out..?

Another looting of funds loading....98%

While senators from both PDP and APC are getting millions every month ....

Nigeria needs a total overhaul .. get rid of both parties , restructure the country ....

If you are not from the Northern region, do not get your hopes up.


Na Kastina people get am las las.