By Ifeanyi Nwoko
Abuja, Feb. 5, 2020 The Federal Government has disbursed N27 billion to Micro Small and Medium Enterprises (MSMEs) as part of the MSMEs Survival Fund Scheme.
Minister of State, Industry, Trade and Investment, Amb. Mariam Katagum, disclosed this on Thursday while briefing newsmen in Abuja.
Katagum said that government would also roll out the last two schemes that make up the Survival Fund.
She said that the Steering Committee for the Survival Fund would turn in its reports to the Ministry of Finance as well as await the second tranche of the fund.
Katagum, who is also the Chairperson, Steering Committee, MSME Survival Fund And Guaranteed Off-Take Schemes (GOS), said the existing schemes were progressing seamlessly.
Daily Post Nigeria
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The Federal Government on Thursday, disbursed N27 billion to Micro Small and Medium Enterprises (MSMEs) as part of the MSMEs Survival Fund Scheme.
This was disclosed by the Minister of State, Industry, Trade and Investment, Amb. Mariam Katagum, while addressing newsmen on Thursday, in Abuja.
The minister revealed that the government would open portal for the last phase, February 9.
According to her, the Steering Committee for the Survival Fund would turn in its reports to the Ministry of Finance as well as await the second tranche of the fund.
Katagum, who is also the Chairperson, Steering Committee, MSME Survival Fund and Guaranteed Off-Take Schemes (GOS), said the existing schemes were progressing seamlessly.
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The Secretary of the just inaugurated Steering Committee on the implementation of the N50 billion Export Expansion Facility Programmes (EEFP), Mr. Segun Awolowo has disclosed that the EEFP is to execute 16 programmes under it’s workstreams.
Awolowo who commended the Federal Government’s effort in ensuring economic recovery and sustainability observed that the devastating effects of the COVID-19 pandemic on exporting businesses might be further exacerbated with the official takeoff of the African Continental Free Trade Area (AfCFTA).
Speaking at the weekend in Abuja, Executive Director of Nigerian Export Promotion Council (NEPC) explained that the “EEFP will execute 16 programmes as approved in the implementation work plan under five workstreams namely – capacity building, financing, market development, infrastructure and institutional strengthening.”