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Over 300 thousand businesses to benefit from Survival fund- Katagum

Minister of State, Industry Trade and Investment, Mariam Katagum

Over three hundred and thirty three thousand businesses are to benefit from National Micro, Small and Medium Enterprise(MSME) survival fund of the Federal government to safeguard Jobs against t the impact of the COVID-19 pandemic.

The Minister of State, Industry Trade and Investment, Mariam Katagum made this known in Abuja at a news conference to  update the public on the implementation process of the scheme.

Katagum said the pilot phase  of the scheme will cover twelve states while each beneficiary is to get between  thirty thousand to fifty thousands naira each covering  nine thousand beneficiaries from each state.

The Minister noted that the intervention programme is projected to  save over one point seven million jobs across health, production, education, hospitality and food processing sectors.

The project coordinator and chairman steering committee of the Intervention Fund, Tola Johnson called on MSME across the country to apply for the survival fund and promised to strengthen its partnership with relevant organization like, SMEDAN, Bank of Industry and the  Industrial Training Fund.

 He said the benefitting states will be in batches of twelve.

Johnson therefore cautioned Nigerians to beware of fraudsters adding that all registrations are done online at or all MSME states offices across the country.

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