Thread by @NigeriaGov

ONGOING: Press Conference on the launch of the National MSMEs Survival Fund, a component of the N2.3 Trillion Economic Sustainability Plan(NESP). The NESP was developed by the Economic Sustainability Committee, set up by Pres @MBuhari & chaired by VP @ProfOsinbajo
#SurvivalFundNG

Minister of State @TradeInvestNG: #SurvivalFundNG has been designed to cushion the effect of the Coronavirus pandemic on the most vulnerable MSMEs across Nigeria. Targeting 1.7 million individuals and entities across Nigeria.

Min of State @TradeInvestNG, Amb Mariam Katagum: The Payroll Support program of #SurvivalFundNG is kicking off immediately, while the Guaranteed Offtake Scheme will launch as soon as the modalities are put in place. The two will be implemented over an initial period of 3 months.

The #SurvivalFundNG will ensure that 45% of beneficiaries are female-owned businesses and 5% are owned by persons with special needs.

The Steering Committee overseeing the #SurvivalFundNG:

To benefit from #SurvivalFundNG, your business must:

—Be Nigerian-owned
—Be CAC-registered
—Business owner must have a BVN
—Staff strength of not less than 10 for Payroll Support and 3 for GoS.

In addition to registered businesses, #SurvivalFundNG will also cater to a second category of Nigerians: the Self-employed, including

—Service providers in the transportation sector, i.e. Bus/Taxi drivers, Rideshare drivers, Auto-Mechanics

— Artisans (Electricians Plumbers etc)

As part of #SurvivalFundNG, @NigeriaGov will also fully cover the cost of @cacnigeria1 registration for 250,000 new business names.

According to the HMS @TradeInvestNG, Every State in Nigeria (and the FCT) will benefit from #SurvivalFundNG. Lagos, Kano and Abia will receive special focus, on account of their status as leading MSME hubs, but no State will be left out.

Follow the #SurvivalFundNG on Twitter: @SurvivalFund_ng

Website: survivalfund.ng