The Federal Government on Tuesday said it disbursed N66 billion to 1.2 million Nigerians under its Micro Small and Medium Enterprises (MSMES) Survival Fund and Guarantee Off-Take Scheme.
The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, disclosed this at a town hall meeting of beneficiaries of the MSME Survival Fund and the Guaranteed Off-Take Scheme in Abuja.
She said the programme, under the Nigeria Economic Sustainability Plan (NESP), has disbursed the amount directly to the beneficiaries.
She also said that the implementation of the survival fund across the five tracks yielded positive results.
The five tracks as Payroll Support Scheme, Artisan and Transport Scheme, Formalisation Support Scheme, General MSME Grants Scheme, and Guaranteed Off-take Scheme.
“In total, 490,408 employees received between N30,000 and N50,000 as three months’ salaries in the 36 states and the Federal Capital Territory (FCT).“The Artisan and Transport Scheme was designed to provide a one-off N30,000 grant to 333,000 beneficiaries.
“We currently have 398,260 self-employed individuals and MSMEs who have benefitted across the 36 states and the FCT,’’ she added.
