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FG doles out N30,000 one-off grant to 333,000 artisans

…to register 250,000 business names free

ice President, Professor Yemi Osinbajo presenting Certificate of  Performance discharging  Transcorp Plc of post privatisation performance obligations in respect of Transcorp  Hilton Hotel, Abuja  to  the Chairman, Transcorp Plc ( Core Investor of Transcorp Hilton Hotel, Abuja), Mr. Tony Elumelu,  while the Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed (middle) watched, during a  meeting of National Council on Privatization chaired by the Vice President at the Presidential Villa, Abuja on Monday.

 

The Federal Government said on Tuesday that it has commenced  payment of N30,000 one-off grant to each of the 333,000 artisans across the country under its Economic Sustainability Growth Plan.

The payments are being made to  verified beneficiaries of the Artisan Support Scheme, a track under the MSMEs Survival Fund.

According to a statement by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice- President, Laolu Akande, the first stream of payments which started Tuesday is made to beneficiaries from the FCT, Lagos, Ondo, Kaduna, Borno, Kano, Bauchi, Anambra, Abia, Rivers, Plateau and Delta States.

“They form the first batch of applications for the scheme submitted between October 1 and October 10,” Akande said.

He explained that the MSMEs Survival Fund scheme is a component of the Nigerian Economic Sustainability Plan, (NESP), developed by an Economic Sustainability Committee established by President Muhammadu Buhari in March 2020.

Vice-President Yemi Osinbajo chairs the committee which produced and is overseeing the implementation of the plan.

Under the ESP, Akande said the Survival Fund is generally designed to among other things, support vulnerable MSMEs in meeting their different obligations and safeguard jobs in the sector.

The applications for the Artisans’ Support Scheme under the MSMEs Survival Fund was opened on October 1.

Meanwhile, the enumeration for the second stream of states under the Artisan Support Scheme has also commenced with enumerators in various States compiling the lists of artisans through their association leaders. All artisans are expected to liaise with their association leaders to document their details.

“The registration of applicants for Stream 2 began on the 19th October 2020. States under Stream 2 are: Edo, Ogun, Ekiti, Katsina, Kebbi, Kogi, Kwara, Enugu, Ebonyi, Adamawa, Taraba, Bayelsa.

“In the same vein, enumeration and verification of the documents of applicants under the Survival Fund Payroll Support scheme is still ongoing. Dates for the commencement of payment would be announced in due course.

“The application process for the payroll support scheme, which began on September 21, had ended on the 15th of October 2020. Accepted applications are categorized by industry sectors, including Education and Hospitality, among other sectors.

“However, there may be an extension for applications for some States that have not met their quota on beneficiaries.  The Artisan Support Scheme is to benefit about 9,000 Nigerians per State and FCT.

“In addition, the formalization support under the MSME Survival Fund will also commence today (Tuesday). This involves free business names’ registration for 250,000 MSMEs nationwide by the Corporate Affairs Commission (CAC),” the statement said.

Akande quoted the CAC, as saying that 6,606 business names in each of the 34 states will be registered free.  He added that 7,906 free registrations will be done from Abuja, 9,084 from Lagos and 8,406 from Kano.

He added that a date for the commencement of the Guaranteed Offtake Scheme under the Survival Fund will be announced soon, saying “This scheme is designed to safeguard existing small businesses and save jobs while ensuring continued local production by guaranteeing off-take of priority products

“The Offtake Scheme is a track specifically for MSMEs that are into production of items approved by the Steering Committee of the Survival Fund coordinated under the leadership of the Industry, Trade and Investment Minister of State Ambassador Mariam Katagum. The basic requirements include CAC certificate, valid BVN, SON or NAFDAC certification.

“The N2.3 Trillion Economic Sustainability Plan consists of fiscal, monetary and sectoral measures to enhance local production, support businesses, retain, create jobs and provide succour to Nigerians, especially the most vulnerable,” he added.

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