FG disburses N10b MSMEs fund

26 Nov FG disburses N10b MSMEs fund

The Federal Government on Wednesday disbursed N10billion to artisans who applied under the Micro Small and Medium Enterprise (MSMEs) survival fund.

The Minister of State, Industry, Trade and Investment, Mariam Katagum who is the Chairperson, Steering Committee on survival fund and guarantee off-take schemes, said approval was made last week.

According to her, approval for the month of November is N10billion which is for the payroll of artisans, stressing that as this payment is going on, registration by the Corporate Affairs Commission (CAC) is also ongoing to ensure those not captured now will be captured for next payment.

“But by the time we come to brief Nigerians next week the information will change because we plan to pay the artisans weekly instead of monthly. Right now all we are concentrating on is to pay the October salary support, once we are done with October payment, November and December will be easy to handle.”