Within 48hrs, 174,574 apply for COVID-19 N75bn MSME survival fun

Just 48 hours after commencement, a total of 174,574 persons have successfully registered for the N75 billion National MSME Survival Fund and the Guaranteed Off-take Stimulus schemes under the Nigeria Economic Sustainability Plan.

Mariam Katagun, minister of state for industry state and investment, disclosed this on Thursday while addressing journalists in Abuja, adding that the registration for the MSME Survival Funds commenced at 11pm on Monday.

She said that “as at 8.30am this (Thursday) morning, total successful registrations stood at 174,574.”

The schemes were introduced by the federal government to support individuals and businesses negatively affected by the COVID-19 pandemic.

The minister added, “The following states have the highest applications as follows, Kano, 19,895; Kaduna, 13,575; Lagos, 13,640; Katsina: 8,383; Federal Capital Territory, 8,085.”

She stated that within the first 24 hours of opening the registration portal, approximately 138,000 individuals logged on, created profiles and completed the first stage of registration.ql like

Katagum said Kano, Kaduna and Lagos emerged the lead states.

According to her, 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,” the minister stated.

On states that recorded the highest number of applications in the first 24 hours of registration, the minister said Kano recorded 16,880: Kaduna, 11,438; Lagos, 10, 530; Katsina, 7,354; and Bauchi, 6,622.

Katagum said registration for other tracks would start next with hospitality industry coming on September 25, 2020 by 10am; payroll support, September 28, 2020, 10am; while artisan/transport grants begins on October 1, 2020.