MSME Survival Funds: Understanding the Guaranteed Offtake Scheme (GOS)

The Guaranteed Offtake Scheme is a component of the N75 Billion MSME Survival Funds whereby 100,000 producers under the Micro, Small and Medium Enterprises scale of business would witness a bulk purchase of their Products by the Federal Government.

The Sheme has been Sheduled to commence by 11:59 pm, Tuesday 9th Febraury, 2021 alongside the General Grant where 100,000 MSMEs would benefit a one time Grant of N50,000. Application will be done through https://www.survivalfund.gov.ng and ends on Thursday, 18th February, 2021 

Many Nigerians have raised many questions concerning the Guaranteed Offtake Scheme, prompting this explicate publication.

Who are the Eligible Beneficiaries of the Guaranteed Offtake Scheme  (GOS)?

The Eligible Beneficiaries are Producers under the Micro, Small and Medium-sized Enterprises.

What are the requirements needed from an Eligible Applicant/ Beneficiary?

i. Applicant must be a Nigerian National.

ii. Applicant's Business must be registered with the Corporate Affairs Commision. 

iii. Applicant must be ready to produce under NAFDAC and SON specifications.

iv. Applicant must have a verifiable Bank Verification Number (BVN).

v. Applicant must have at least 2 Staff Members

What are the specified amount of Products to be purchased per individual?

GRAINS

1. Rice - 30 5kg bags per individual

2. Wheat (Alkama) - 15 5kg bags per individual

3. Beans - 24 5kg bags per individual

4. Acha - 16 5kg bags per individual

5. Brabusco - 30 5kg bags per individual

HAND SANITIZER, DISINFECTANTS, LIQUID SOAP

1(500ml pack of 6) (10 packs/ 60 500ml per individual)

Note: NADFAC and Standard Organization of Nigeria (SON) registration will be required for these items

FACE MASK

Pack of 12 Masks - 15 Packs per individual

PRICING

Information about prices will be released as soon as possible

(More information on quantity of products coming soon)

General Products that will be purchased from Producers under the Guaranteed Offtake Scheme 

CATEGORY A (Lot 1) - Sanitisation and Cleaning Materials

Lot 1 - PRODUCTS 

i. Face Mask

ii. Liquid Soap

iii. Disinfectant 

iv. Hand Sanitiser

CATEGORY B - Processed Food 

Lot 2 - GRAINS

i. Beans

ii. Garri

iii. Acha

iv. Alkama - Wheat

v. Brabusco

vi. Rice (Parboiled)

vii. Rice (Raw) - Paddy

Lot 3 - FLOUR

i. Yam Flour

ii. Plantain Flour

iii. Soya Bean Flour

iv. Garin Dawanke

v. Cassava Flour

Lot 4 - OIL

i. Palm Oil 

ii. Groundnut Oil

iii. Coconut Oil

iv. Honey

Lot 5 - SPICES

i. Dry Locust Beans 

ii. Curry Powder

iii.Tumeric Powder

iv. Ginger Powder

v. Garlic Powder

Number of Expected beneficiaries per State:

2,640 MSMEs beneficiaries per State Except Lagos, Kano and Abia.

Lagos - 3,880

Kano - 3,280

Abia -  3,080

Sources: MSME Survival Funds, Yobe State MSME Survival Funds and Guaranteed Offtake Scheme