FG Inaugurates Survival Fund For 333,000 Artisans, Transporters

The Federal Government, on Thursday, formally inaugurated the artisans and transport sector track of the N75bn MSME Survival Fund and Guaranteed Off-take Stimulus Scheme.

A total of 333,000 artisans and transporters across the country are to benefit from grants provided by the scheme.

The Minister of State for Industry, Trade and Investment, Miriam Katagum, who flagged off the scheme in Abuja, said 9,009 beneficiaries each from the 36 states of the federation and the Federal Capital Territory would benefit from the scheme.

“Others include hairdressers, ‘Keke NAPEP’ riders, Okada riders, plumbers and electricians.”

The minister further noted that beginning from Monday next week, the free registration of 250,000 new businesses with the Corporate Affairs Commission would commence.

“This will be at no cost to the MSMEs. The Federal Government will pay CAC N6,000 for each registration and this is under the formalisation support and it is for all MSMEs that require formalisation,” Katagum stated.

She urged artisans and transport business operators to take advantage of the scheme, adding that the government would need them to have valid accounts with banks in order to effectively benefit from the grants.

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