September 12, 2020 at 10:48 am #363TingeParticipant
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.
Source:September 12, 2020 at 11:19 am #366Linda IfunanyaParticipant
What is the procedure of getting this money please? I really this money.September 14, 2020 at 2:41 am #388OluwoleParticipant
It is clear that this administration is visionless. Empowering business with N30,000 don’t make any sense at all. I think this is an official way of sharing money among members in the name of empowering their business. From traders money to 774,000 workers to giving N30,000/N50,000. The ones under “Empower programme ” is still complaining of none payment. May God save this country.September 14, 2020 at 3:01 am #391FavourParticipant
Like the traders money, it will be used for buying supporters.September 15, 2020 at 3:50 am #403SomadinaParticipant
<p style=”text-align: left;”>Where do I submit my name, and account number pls, b/cs I need the money badly.</p>September 15, 2020 at 3:51 am #404SomadinaParticipant
<p style=”text-align: left;”>Where do I submit my name, and account number pls, b/cs I need the money badly.</p>September 29, 2020 at 8:47 pm #550EmperorParticipant
Since this fund does not have a defined and verifiable criteria for qualifications, it will be shared among the party loyalist.October 8, 2020 at 3:56 am #690KumberParticipant
Story storyOctober 8, 2020 at 3:57 am #691KumberParticipant
APC government is full of lies
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