174,574 apply for COVID-19 N75bn MSME survival fund‎

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‎The Federal Government on Thursday disclosed that a total of 174,574 persons successfully registered for the N75bn National MSME Survival Fund and the Guaranteed Off-take Stimulus schemes under the Nigeria Economic Sustainability Plan.‎

Registration for the MSME Survival Funds commenced at 11pm on Monday.

The scheme was introduced by the Federal Government to support individuals and businesses negatively affected by the COVID-19 pandemic.

Addressing journalists in Abuja, Minister of State for Industry, Trade and Investment, Mariam Katagum, said, “As at 8.30am this (Thursday) morning, total successful registrations stood at 174,574.”

“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 added. ‎

According to Katgum, 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.‎

She explained that 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.

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