ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Saturday, March 6, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Mariam Katagum Minister of State for Industry, Trade and Investment

Mariam Katagum Minister of State for Industry, Trade and Investment

174,574 register for N75 billion MSME survival fund in 48 hours – Nigerian govt

States that recorded the highest numbers of applications are Kano with 16,880: Kaduna, 11,438; Lagos, 10, 530; Katsina, 7,354; and Bauchi, 6,622.

byAyodeji Adegboyega
September 25, 2020
1 min read
ADVERTISEMENT

A total of 174,574 persons successfully registered for the N75 billion National MSME Survival Fund and the Guaranteed Off-take Stimulus Scheme under the Nigeria Economic Sustainability Plan, within 48 hours, the Minister of State for Industry, Trade and Investment, Mariam Katagum, has said.

Mrs Katagum said the track targets 500,000 individual beneficiaries, 45 per cent of which will be given to female-owned MSMEs and five per cent to special needs-owned MSMEs.

She disclosed this on Thursday during a press briefing on the National MSMEs Survival Fund and Guaranteed off-take Stimulus Scheme in Abuja.

The federal government had earlier announced that the scheme, designed to save jobs and sustain local production amidst COVID-19, will come in two tracks.

The first will sustain 300,000 jobs in 10,000 MSMEs by guaranteeing off-take of priority products while the second will sustain at least 500,000 jobs in 50,000 SMEs.

“As at 8.30 am this (Thursday) morning, total successful registrations stood at 174,574 with the following states having the highest applications as follows: Kano, 19,895; Kaduna, 13,575; Lagos, 13,640; Katsina: 8,383; Federal Capital Territory, 8,085.”

She said that the registration for the MSME Survival Fund commenced on September 21 at 11 p.m, and within 24 hours, approximately 138,000 individuals had logged on, created profiles and completed the first stage of registration with Kano, Kaduna and Lagos as lead states.

“All successful applicants received SMS and email verification with a list of requirements for the second stage of application which would commence on October 1, 2020. Applicants will be required to upload details supporting their applications which will be verified and if successful, approved for disbursements.”

According to the minister, states that recorded the highest numbers of applications within the first 24 hours of registration are Kano, which recorded 16,880: Kaduna, 11,438; Lagos, 10, 530; Katsina, 7,354; and Bauchi, 6,622.

RelatedNews

Nigerian sugar institute to create thousands of jobs – Minister

Nigeria’s manufacturing sector moving in right direction — Minister

Nigeria’s cabinet approves AFCFTA agreement ratification

How 1.7 million Nigerians, businesses will benefit from N75 billion grant – Osinbajo

She said that registration for other tracks would start next with the hospitality industry coming on September 25 by 10 a.m; payroll support (others) on September 28 at 10 a.m; and artisan/transport grants on October 1.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...



JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

Nigeria deports French national, 10 Egyptians, eight others

Next Post

Alleged Misappropriation: Panel tasks Kwara govt to publish LG expenditure, revenue

Ayodeji Adegboyega

Ayodeji Adegboyega

More News

Olusegun Obasanjo

How I tested positive for COVID-19 – Obasanjo

March 5, 2021
Economic and Financial Crimes Commission (EFCC) boss, Abdulrasheed Bawa. [PHOTO CREDIT: Bashir Ahmad Twitter handle]

Fight against corruption will be intelligence-driven – Bawa

March 5, 2021
ECOWAS Court of Justice

Illegal Detention: ECOWAS Court orders Nigeria to pay German N63.6million, $10,000

March 5, 2021
Femi Gbajabiamila

Avoid playing politics with COVID-19 vaccines, Gbajabiamila warns

March 5, 2021
Richard Akindele

Sex-For-Marks Scandal: Sacked OAU lecturer loses appeal challenging conviction

March 5, 2021
Muslims criticise WAEC over exams timetable

Your approval of hijab in our schools ill-informed, Baptist leaders tell Kwara govt

March 5, 2021
Next Post
Kwara State map

Alleged Misappropriation: Panel tasks Kwara govt to publish LG expenditure, revenue

Red blood cells of sickle cell anaemia disease[Photo Credit: www.practicalpainmanagement.com]

Experts blame social media frenzy about SC genotype on poor awareness

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,629,343 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.