FG launches survival fund for over 300,000 artisans
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FG launches survival fund for over 300,000 artisans

- The second stage of the Survival Fund application commenced on Thursday, October 1

- The scheme is expected to benefit 9,009 Nigerians per state and the Federal Capital Territory, Abuja

- Clusters of artisans/transporters’ associations and unions to be considered as beneficiaries are to be duly registered with the CAC

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Following the successful launch of the MSMEs Survival Fund on September 21, the federal government has announced the next implementation stage with the official launch of the Artisans’ Support Scheme on Thursday, on October I, Independence Day.

This was disclosed in a statement sent to Legit.ng by the Project Delivery Office, MSMEs Survival Fund & Guaranteed Offtake Schemes on Friday, October 2.

Under the scheme, 333,000 artisans and transport business operators across the country will get a one-time operations grant of N30,000 per beneficiary to reduce the effects of income loss due to the COVID-19 pandemic, of which there will 9,009 beneficiaries per state.

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FG launches survival fund for over 300,000 artisans

The survival fund for artisans is one of the post-COVID-19 initiatives of the Buhari administration. Photo credit: @MBuhari
Source: Twitter

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The scheme is expected to roll out in three two-week sprints and target implementation across the country in three streams.

Clusters of artisans/transporters’ associations and unions to be considered as beneficiaries are to be duly registered with the Corporate Affairs Commission (CAC).

Artisan clusters already identified for the grant include mechanics, barbers, hairstylists, bricklayers, tailors, plumbers, carpenters’ associations/unions with representations across all the states.

The minister of state, for industry, trade and investment, and chairperson of the steering committee, Ambassador Mariam Katagum, who formally launched the scheme, stated that the survival fund is meant to cushion the economic impact of COVID-19 pandemic on MSMEs.

In his remarks, the special assistant to the president on MSMEs, Mr Tola Johnson, who is also the project coordinator, stated that the federal government is committed to the welfare and wellbeing of artisans, adding that the grants would be paid directly into beneficiaries’ accounts.

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Legit.ng reported that the federal government had on Thursday, September 10, flagged-off two schemes to cushion the effects of COVID-19 and save over 100,000 small businesses in the country.

According to Ambassador Katagum, over 1.7 million Nigerians will be positively impacted by the schemes.

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Source: Legit

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