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Home Financial Literacy MSME
Youth investment fund, FG disburses MSMEs Survival Fund in Lagos, Kano, FCT and 9 other states, Buhari gives reason for silence on Lekki Tollgate shooting, President Buhari approves N10 billion for National Census

FG disburses MSMEs Survival Fund in Lagos, Kano, FCT and 9 other states

Chidi EmenikebyChidi Emenike
3 years ago
in MSME, Spotlight
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The Federal Government has commenced the disbursement of N30,000 one-time grant to 330,000 artisans across the country. The grant was launched across Lagos, Kano, Abuja and nine other states, as the first batch.

This was disclosed by the Personal Assistant to President Muhammadu Buhari on New Media, Bashir Ahmad via his Twitter handle on Tuesday evening.

READ: FG rolls out N2.3 trillion survival funds for MSMEs; see criteria 

The grant, which is under the MSME Survival Fund, is part of the Nigerian Economic Sustainability Plan Initiated by the federal government on the 1st of July, 2020 to assist citizens and businesses operating in Nigeria.

He tweeted, “The first phase, which is tagged the Artisan/Transport Support Scheme, would focus majorly on 333,000 artisans for the beginning, which is 9009 from all the 36 states and the FCT and would then move to businesses operating in the transport sector at a later date.”

READ: Nigerian firm set to raise $1.2 billion to purchase electricity meters

As the implementation of the Economic Sustainability Plan progresses, the payment of N30k one-time grant to 330,000 artisans across the country is now in progress with Lagos, Kano, FCT and nine more States in first batch, a Statement from Office of the Vice President.

— Bashir Ahmad (@BashirAhmaad) October 27, 2020

Back story

Recall that Nairametrics had earlier reported that 174,574 people successfully registered for the N75billion MSME survival fund within 48 hours.

READ: AfDB approves $5 million for entrepreneurs under Tony Elumelu Foundation 

What they are saying

Corroborating the latest information, Ahmad said: “As the implementation of the Economic Sustainability Plan progresses, the payment of N30k one-time grant to 330,000 artisans across the country is now in progress with Lagos, Kano, FCT and nine more States in the first batch.”

Why it Matters

The survival fund was designed to support vulnerable MSMEs to meet their different obligations and safeguard jobs in the sector.


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Tags: Funding MSMEs in NigeriaMicro Small and Medium Enterprises Development Fund (MSMEDF)
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

Comments 7

  1. Abubakar Sadiq Ahmed says:
    October 28, 2020 at 6:35 am

    It seems to be good to publish the name of the beneficiaries with their phone number, this will enable those who have not given to lodge their complaint,outright.

    Reply
  2. EASY IZIBA OKANEZI says:
    October 28, 2020 at 7:18 am

    What are the names of the”9 other states”? Why are they hiding these facts? Is there no space to contain the names of these “9 states”?

    Reply
  3. Kabiru ya'u says:
    October 28, 2020 at 7:28 am

    God GRES the federal government of Nigeria

    Reply
  4. David says:
    October 29, 2020 at 4:46 pm

    How can someone register ongoing youth investment fund, I means the links (website)

    Reply
  5. Irumeh Martins says:
    October 31, 2020 at 9:03 pm

    I will love to be among those who are benefiting from this because am youth of dis Nigerian

    Reply
  6. Jakes says:
    November 1, 2020 at 8:59 pm

    List the other nine(9) states na

    Reply
  7. Anonymous says:
    November 1, 2020 at 10:00 pm

    Gladys
    Please let us see the names of the nine other states .

    Reply

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