Vice President, Prof Yemi Osinbajo, has announced that beneficiaries nationwide will receive a one-time grant of N30,000 with Lagos, Kano, State and Federal Capital Territory, FCT and nine more States in the first batch.
He said that enumeration and verification are still ongoing for Payroll Support Scheme.
The VP said that free CAC Business Names’ Registration for 250,000 MSMEs has also commenced.
He said that as the implementation of the Economic Sustainability Plan progresses, the payment of N30,000 one-time grant to 330,000 artisans across the country is now in progress.
“The payments are being made to sets of verified beneficiaries of the Artisan Support Scheme, a track under the MSMEs Survival Fund,” Osinbajo said in a statement made available to Daily Post by Laolu Akande, his Spokesperson.
“In the first stream of payments starting today, beneficiaries are being drawn 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,” he added.
The MSMEs Survival Fund scheme is a component of the Nigerian Economic Sustainability Plan, NESP, which was developed by an Economic Sustainability Committee established by President Muhammadu Buhari in March 2020.
The President asked Osinbajo to head the committee which produced and is overseeing the implementation of the plan.
Under the ESP, the Survival Fund is generally designed to, among other things; support vulnerable MSMEs in meeting their different obligations and safeguard jobs in the sector.