Survival Fund: Nigerian govt speaks on candidates paying facilitation charge for MSMEs grant

The Federal Authorities says candidates won’t pay any ‘facilitation charge’ to entry its intervention grant for Micro, Small and Medium Enterprises (MSMEs), and cautions unsuspecting candidates towards fraudsters.

Mrs Mariam Katagum, the Minister of State for Business, Commerce and Funding, said this at a information convention on the implementation technique of the Survival Fund on Thursday in Abuja.

Katagum, who can also be the Chairperson, Programme Steering Committee, stated the Mission Delivering Workplace (PDO) for the scheme was receiving suggestions from Nigerians since its registration portal opened on Sept. 21, for candidates.

In accordance with her, the Federal Authorities, by way of the Nigeria Financial Sustainability Plan (NESP), has commenced nationwide implementation of the Nationwide MSME Survival Fund and the Assured Off-take Stimulus Schemes.

The Minister stated: “Candidates are to entry the fund for gratis because the initiative is borne out of the Federal Authorities’s continued dedication to serving to cushion the impression of the COVID-19 pandemic on the financial system.

“The Survival Fund won’t at any time or for any cause, request fee or facilitation charges to entry the grants.

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“We’ll, nonetheless, like to attract the eye of the general public to makes an attempt by scammers and different undesirable parts to swindle harmless Nigerians with guarantees of assured disbursements for a charge.

“The general public is inspired to report any such nefarious actions to the closest safety brokers and comply with up with a report back to the PDO by way of the mediums offered on the web site.

“The PDO has acquired reviews of some tried cyber-attacks on the applying web site.

“We want to guarantee the general public that the applying system is secured with a number of ranges of encryption and any info loaded on the official software web page is saved from cyber-attacks of any type.”

Katagum lauded MSMEs’ performances throughout the nation and urged them to take full benefit of the scheme by making use of for any class that fits their wants.

In accordance with her, though many Nigerians have utilized for the grant, there’s want for improved consciousness creation for MSMEs, particularly these within the grassroots to key into it.

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The minister lauded the Federal Authorities for its efforts at supporting MSMEs to attempt amidst the COVI9-19 pandemic interval.

“As at 8.three a.m. this morning, whole profitable registrations stood at 174,574 with Kano, Kaduna, Lagos, Katsina and the FCT having the best purposes.

“Some states and native governments which have low entry to community connectivity and web providers are experiencing delays with registration.

“Nonetheless, we even have suggestions that state governments and commerce associations are putting in modern methods to take care of the scenario.

“On behalf of all MSMEs throughout the nation, I need to thank His Excellency President Muhammadu Buhari for this essential intervention presently of financial hardship coupled with the COVID-19 pandemic.

“I additionally need to place on report our continued appreciation to His Excellency, the Vice-President, Prof. Yemi Osinbajo for his steadfast management and steering because the conception of this scheme,” she stated.

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