The Federal Government has released the sum of thirty seven billion naira, N37B for the Survival fund which covers payroll support to over 300,000 beneficiaries and grants to artisans.
This was disclosed by the Minister of State for Industry, Trade & Investment Ambassador Mariam Katagum during the presentation of report on progress in the implementation of the Economic Sustainable Plan of the Buhari administration at a meeting of the Economic Sustainability Committee.
In a press release issued by Senior Special Assistant to the Vice President on Media & Publicity, Laolu Akande, at the end of the meeting which was presided over by Vice President yemi Osinbajo, it was revealed that over 100,000 business name registrations were paid for by the Federal government.
“Highlights of the reports presented to the Committee include the release of N37B for the Survival Fund covering such schemes like N50,000 Payroll Support for three months to over 300,000 beneficiaries, one-time grants of N30,000 to about 100,000 artisans, and 100,000 business name registrations paid for by the Federal Government,” he explained.
The statement reads in part that, “Godwin Emefiele also reported on the bank’s intervention including disbursement of over N192B for household/MSMEs grants to 426,000 beneficiaries across the country, with plans to do over N100B more in that category named Targeted Credit Facility.
“The CBN Governor also disclosed that under the collateral-free Agric-Business/Small & Medium Enterprise Investment Scheme, there are ongoing grants of concessionary loans from between N150,000 to N2.5million. In that category, the Governor disclosed that over N106B has been disbursed so far to over 27,000 beneficiaries.”