The Federal Government has begun the payment of N30,000 one-time grant to 333,000 artisans across the country as part of its Economic Sustainability Growth Plan.
The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, confirmed the payment in a statement in Abuja on Tuesday.
Akande said the first stream of payments commenced on Tuesday to beneficiaries under the MSMEs Survival Fund scheme.
The beneficiaries are from the FCT, Lagos, Ondo, Kaduna, Borno, Kano, Bauchi, Anambra, Abia, Rivers, Plateau and Delta States.
“They form the first batch of applications for the scheme submitted between October 1 and October 10,” Akande said.
Akande said the MSMEs Survival Fund scheme is a component of the Nigerian Economic Sustainability Plan, (NESP), developed by an Economic Sustainability Committee established by President Muhammadu Buhari in March 2020.
Vice President Yemi Osinbajo, heads the Economic Sustainability Committee which produced and is overseeing the implementation of the plan.
The Survival Fund scheme, according to Akande, is designed to support vulnerable MSMEs in meeting their different obligations and safeguard jobs in the sector.
The applications for the Artisans’ Support Scheme under the MSMEs Survival Fund was opened on October 1.
He disclosed that the enumeration for the second stream of States under the Artisan Support Scheme has also commenced with enumerators in various States compiling the lists of artisans through their association leaders.
Akande said, “The registration of applicants for Stream 2 began on the 19th October 2020. States under Stream 2 are: Edo, Ogun, Ekiti, Katsina, Kebbi, Kogi, Kwara, Enugu, Ebonyi, Adamawa, Taraba, Bayelsa.
“In the same vein, enumeration and verification of the documents of applicants under the Survival Fund Payroll Support scheme is still ongoing. Dates for the commencement of payment would be announced in due course.
“The application process for the payroll support scheme, which began on September 21, had ended on the 15th of October 2020. Accepted applications are categorized by industry sectors, including Education and Hospitality, among other sectors.
“However, there may be an extension for applications for some States that have not met their quota on beneficiaries. The Artisan Support Scheme is to benefit about 9,000 Nigerians per State and FCT.
“In addition, the formalization support under the MSME Survival Fund will also commence today (Tuesday). This involves free business names’ registration for 250,000 MSMEs nationwide by the Corporate Affairs Commission (CAC).”
Akande quoted the CAC, as saying that 6,606 business names in each of the 34 states will be registered free.
He added that 7,906 free registrations will be done from Abuja, 9,084 from Lagos and 8,406 from Kano.
He further stated that a date for the commencement of the Guaranteed Offtake Scheme under the Survival Fund will be announced soon.
“This scheme is designed to safeguard existing small businesses and save jobs while ensuring continued local production by guaranteeing off-take of priority products
“The Offtake Scheme is a track specifically for MSMEs that are into production of items approved by the Steering Committee of the Survival Fund coordinated under the leadership of the Industry, Trade and Investment Minister of State, Ambassador Mariam Katagum.
“The basic requirements include CAC certificate, valid BVN, SON or NAFDAC certification,” the media adviser to the vice president said.
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