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.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com