Breaking: MSME Survival Funds Artisan Supports Activation hits Ariaria Market

The Activation for the Artisan Supports, a component of the Federal Government N75Billion MSME Survival Funds to cushion the effect of COVID-19 Pandemic on Micro, Small and Medium Enterprises (MSMEs) in Nigerian, has featured live today at the popular Ariaria  market, Aba, Abia State.

This is contained in an official report from the Cordinators of the Program as updated an hour ago.

The Artisan and Transport Supports as a component of the MSME Survival Fund would record a large pool of 330,000 small business owners who would benefit from the one time N30,000 Grant to support their businesses and enable them recover from the lockdown necessitated by the COVID-19 Pandemic.

Ajuri Ngelale, Senior Special Assistant to President Mohammadu Buhari on Public Affairs, during an interactive segment on the MoneyLine Program with Nancy Nnaji on African Independent Televission (AIT) explaining the Artisan/Transport Grant noted that to ensure capture of individuals who truly needed the Grant, direct capture of Association/Union has been considered more effective other than throwing the program to those who are just on Twitter waiting for application portal to open without any MSME experience or existing businesses.

The Activation train has, within the past one week, moved to various locations to capture clusters of Artisans such as in Apo Mechanic Village in Abuja, Bariga in Lagos, Kofar Ruwa Market in Kano and today, Ariaria Market, Aba in Abia State. 

Speaking during a supervisory visit to Apo Mechanic Village, Abuja to oversee the Activation of the Artisans in the area, the Project Cordinator and also Special Assistant to the President on MSME, Mr Tola Johnson, and the Director General of SMEDAN, Dikko Umaru Radda noted that it was a necessity for the Federal Government to ensure that the process is not only free but also reaches the beneficiaries who are truly in need of it. 

Umaru furthered that similar approaches would be employed to the Payrol supports and other parts of the Programme including the Guranteed Offtake Scheme, to ensure that the Grant actually gets to the people.

The disbursement of the one-time grant of N30,000 to Artisans has commenced in 11 States selected in the pilot phase viz: Lagos, Ondo, Kaduna, Borno, Kano, Bauchi, Anambra, Abia,  Rivers, Plateau, Delta and FCT as stated by the Senior Special Assistant to Vice President Yemi Osibanjo on Media and Publicity, Laolu Akande, while registration for other batches has continued.

Other components of the MSME Survival Funds includes the Payrol Supports which would offer financial Payrol supports of N30,000 to 500,000 Employees of MSMEs for 3months, which has had it's online registration concluded and disbursement getting ready to commence.

Others are the Formalisation Supports which would assist with free Business Registration of 250,000 MSMEs with the Corporate Affairs Commision which it's registration has been concluded in some States; the Guaranteed Offtake Scheme and General Grant of N50,000 to 100,000 MSMEs which are yet to commence.

Watch out this space for more updates!

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