Connect with us

Business News

FG announces N75bn support for 1.7 million Nigerians and businesses

Published

on

__________________________________________ Looking for your dream job? Hold on, your search ends here! Please CLICK HERE to grap every opportunity today. __________________________________________

Mariam Katagum, Minister of State for Industry, Trade and Investment, has confirmed that the federal government will provide financial support for 1.7 million business entities and individuals.

The programme will commence September 21 and last for three months.

Katagum said it was part of efforts to support Nigerians to survive the economic impact of COVID-19 pandemic.

NAN reports that she spoke in Lagos on Friday.

“The government, through the Economic Sustainability Committee, had announced specific programmes aimed at cushioning the impact of COVID-19 on MSME businesses. These include the N75 billion MSME Survival Fund and Guaranteed Off-take Schemes.


See Also: Just In: Nigeria’s total public debt stock increased by N2.381 trillion in 3 months


“The project, which will run for an initial period of three months, is targeting 1.7million entities and individuals and has provisions for 45 per cent female-owned businesses and five per cent for those with special needs.

“The registration portal for the schemes is set to open on Monday 21st September, 2020 and I urge you all to take full advantage of the schemes,” the minister said.

The official added that the fund and schemes were at the core of the N2.3 trillion stimulus package also known as the Nigeria Economic Sustainability Plan (NESP).

Katagum announced that the commissioning of shared facilities would provide succor and relief for the teeming micro businesses in need of space and infrastructural support.

Trade with Nairabusiness
Looking for your dream job? Hold on, your search ends here! Please CLICK HERE to grap every opportunity today.

I am a student studying computer science. I'm a passionate blogger that loves reading and writing, business minded with solution to complete financial tips. You love business? Stay tuned to Nairabusiness.com

Continue Reading
Click to comment

Please Leave a Reply

Profiles, Interviews & Biography2 weeks ago

Tunde Ednut Biography, Age, Career and Net Worth

Tech4 weeks ago

Just In: You can now buy a Tesla with Bitcoin

Bella Shmurda
Profiles, Interviews & Biography4 weeks ago

Bella Shmurda Biography, Age, Career And Networth

emoji picture apps
Tech1 month ago

Best Emoji Picture Apps For Android & iOS in 2021

Goldomc
Review1 month ago

Goldomc Review | Scam or Legit? 1st read this

Kobobid
Review1 month ago

Kobobid Review | Scam or 100% Legit? Find out!!!!

Efcc
Job Opportunities1 month ago

EFCC Recruitment for 2021/2022 | How to apply for EFCC recruitment

phoenix browser
Tech1 month ago

How to add website/blog to Phoenix browser in 2021

Nairapeeps
Review2 months ago

Nairapeeps Review | Scam or legit? 1st read this

wyzdom noble
Profiles, Interviews & Biography2 months ago

Wyzdom Noble Biography, Age, Career and Net Worth

Review2 months ago

Montek Investment Review | Scam or Legit? Don’t miss this 1

Earnathon
Review2 months ago

Earnathon Review | Scam or legit? Read 1st before you invest

Mydailymula
Review2 months ago

Mydailymula Review | Scam or legit? 1st read this

Moolatask
Review2 months ago

Moolatask Review | Scam Or Legit? 1st read this

Prepxy
Review2 months ago

Prepxy Review | Scam or legit? 1st read this

bank transfer codes in nigeria
Finance2 months ago

All bank transfer codes in Nigeria 2021

Access Bank, GTBank and other banks begin closing customer accounts that have traded cryptocurrency
Blockchain And Crypto News2 months ago

Access Bank, GTBank and other banks begin closing customer accounts that have traded cryptocurrency

Clapper permanently bans QAnon-related content
Tech2 months ago

Clapper permanently bans QAnon-related content

Oil exploration drops by 150 percent in Nigeria
Business News2 months ago

Oil exploration drops by 150 percent in Nigeria

JasEarn
Review2 months ago

JasEarn App Review | Scam or Legit? Read 1st

%d bloggers like this: