The Federal Government on Saturday said the registration portal for the N75 billion Micro, Small and Medium Enterprises Survival Fund and Guaranteed Off-take schemes would be opened on Monday, September 21.
The Minister of State for Industry, Trade and Investment, Mariam Katagum, made the announcement in a statement issued on Saturday.
According to her, the project, which would run for an initial period of three months, would be opened for 1.7 million entities and individuals across the country.
Katagum said that the Survival Fund and Guaranteed Off-take schemes were at the core of the N2.3tn stimulus package of the Federal Government.
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The N2.3tn stimulus is being implemented by the Federal Government to cushion the effect of COVID-19 on the country’s economy.
Katagum said the implementation of the plan was with a view to boosting the economy by saving existing jobs and creating new job opportunities.
The statement read, “The project, which will run for an initial period of three months, is targeting 1.7 million entities and individuals and has provisions for 45 per cent female-owned businesses and fiver per cent for those with special needs.
“The registration portal for the schemes is set to open on Monday, September, 21, 2020, and I urge you (MSMEs) all to take full advantage of the schemes.
“Most of them have greatly been negatively impacted due to the economic downturn arising from the COVID-19 pandemic,” she stated.