The Federal Government has announced that the MSME Survival Fund Payroll Support Portal will be exceptionally reopened for 30 states that have been unable to meet their quota.
The government in its announcement said that the scheme, which is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees for a period of 3 months, will be opened from January 27 to February 2, 2021.
This disclosure was contained in a statement that was issued by the project delivery office of the scheme on Wednesday, January 27, 2021.
According to the statement, the Steering Committee of the MSMS Survival Fund and the Guaranteed Offtake Scheme which is chaired by the Minister of State, Federal Ministry of Industry, Trade and Investment, Mariam Katagum, noted that Benue, Plateau, Bauchi, Kano, Kaduna and Rivers States, in addition to the Federal Capital Territory, have all met their quota and as such are not eligible to participate in the reopening exercise.
The statement from the Project Delivery Office of the scheme partly reads, ‘’The Steering Committee of the MSME Survival Fund and the Guaranteed Offtake Scheme Chaired by the Hon. Minister of State, Federal Ministry of Industry, Trade and Investment, Ambassador Mariam Katagum wishes to inform the public that the MSME Survival Fund Payroll Support Portal will be exceptionally reopened for states that have not met their quota.
‘’The portal will be opened from 27th January to 2nd February 2021.’’
‘’To date, the following states have met their quota and are consequently NOT ELIGIBLE to participate in the reopening exercise. The states are; Benue, Plateau, Bauchi, Kano, Kaduna and Rivers and the FCT.’’
In the statement, the Federal Government reminded the public of the following qualification requirements for participation;
- Businesses must have CAC registration
- Businesses must have a minimum of 10 and maximum of 50 staff
- Business must be owned by Nigerians
- Must have verifiable BVN
- The Scheme provides for 45% female participation and 5% Special Needs participation.
While noting that registration for the scheme is free, the government advised the public to beware of fraudsters and should visit www.survivalfund.gov.ng for further details.
What you should know
- The N60 billion MSME Survival Fund and the N15 billion Guaranteed Offtake Scheme, which is the core of the N2.3 trillion stimulus package of the Nigerian Economic Sustainability Plan, was flagged off on September 21, 2021.
- The 2 MSMEs initiatives were introduced by the Federal Government as part of its efforts to support businesses overcome challenges posed by the Covid-19 pandemic.
- The MSMEs Survival Fund scheme is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard jobs in the MSMEs sector.
- The scheme is expected to save at least 1.3 million jobs across the country and specifically impact on over 35,000 individuals per state.
Public Announcement from the Project Delivery Office.
— MSME Survival Fund (@SurvivalFund_ng) January 27, 2021
Lagos State seeks investors in aquatic and livestock agriculture value chain
The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap.
The Lagos State Government announced it is seeking private sector collaboration for Agriculture sector value chain development in livestock feed mills, fisheries and red meat.
This was disclosed by the State Commissioner for Agriculture, Ms Abisola Olusanya, in a statement on Sunday in Lagos.
The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap, as the State identified the 3 main sectors for value chain disruption.
She also added that investment in the sectors would also develop jobs for the industry and boost the State’s GDP growth, through Private Sector collaboration as Lagos residents consume over N5 trillion worth of food annually.
“The objective is to stimulate and encourage more public-private partnerships in the three value chains,” she said.
“When you consider this pool of transactions happening in Lagos, it shows that we are the market. For instance, we demand over 400,000 metric tons of fish on an annual basis.
“But our fishermen and our aquaculture farmers are only able to produce just about 174,000 metric tons with deficit of 200,000 metric tons,” she added.
She also disclosed that the state has 9,000 artisanal fishermen, and bringing more youths into the space will increase the level of fish and seafood being harnessed from our water bodies. Looking at the transactional value on an annual basis, the fisheries sector is worth well over N120billion according to her.
In case you missed it: Nigeria exported agricultural products worth N321.5 billion in 2020, representing a 19.16% increase when compared to N269.8 billion recorded in 2019 and a 6.27% increase compared to N302.28 billion recorded in 2018.
#DigitalSkillsTraining: FG announces conclusion of selection process
Only successful applicants that are contacted by the Ministry are to report at the training venue.
The Federal Government through the Ministry of Youth and Sports disclosed that the selection process for the upcoming Digital Skills Training has been concluded for the #DigitalSkillsTraining from April 11th to 30th, 2021.
This was disclosed in a statement by the Ministry of Youth and Sport on Sunday evening.
“The Federal Ministry of Youth and Sports Development wishes to inform the general public and all Nigerian Youths that the selection process has been concluded for successful applicants for the #DigitalSkillsTraining scheduled for April 11 to 30, 2021,” the statement said.
The Ministry added that only successful applicants that were contacted by the Ministry are to report at the training venue. Those who were not successful but arrive at the training would not be admitted.
“Upcoming #DigitalSkillsTraining Programmes of the Ministry will be widely publicized on youthandsport.gov.ng , on : noya.ng and on the Ministry’s social media handles,” the statement added.
What you should know
Recall that Nairametrics reported in November 2020, that the Ministry of Youths and Sports Development announced it will scale up its digital skills training to cover 500,000 youths across the country after securing funding under the COVID-19 stimulus budget.
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