Breaking: Federal Government of Nigeria to commence disbursements of MSMEs survival fund.

President Muhammad Buhari (GCFR)

The federal government has commenced the disbursements of funds to the various artisans in the country. This was made known by the personal assistance to the President on electronic media Bashir Ahmed via his Twitter handle. He maintained that close about 330,000 artisans would be captured in the disbursements and each expected to collect 30,000 each.

The grant is under the MSME survival fund floated by the federal Government in other to cushion the effects of the COVID-19 pandemic in the lowest players of the economy.

He tweeted, “The first phase, which is tagged the Artisan/Transport Support Scheme, would focus majorly on 333,000 artisans for the beginning, which is 9009 from all the 36 states and the FCT and would then move to businesses operating in the transport sector at a later date.”

This phase of disbursements would be carried out in Lagos, Kano, FCT and 9 other states across the federation.

We hope that this would really be beneficial to all concerned and descalate various tensions across the country which had led to many loss of life and properties seen during the #EndSars protest which many experts view as an outlet of frustration due to long neglect and economic hardship in the country.

Published by Iykeman

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