Edo State Govt commences modalities for filling 35,000 slots of FG’s N75bn MSME survival fund
Edo State Government has commenced modalities for filling 35,000 slots reserved for the state in the Federal Government’s N75bn Micro, Small and Medium Enterprises (MSE) Survival Fund, aimed at mitigating the impact of coronavirus (COVID–19).
As part of moves to fast track the roll out of the scheme in the state, the government has called for MSMEs and service providers across the 18 local government areas in the state to apply to the portal, www.survivalfund.ng, to commence the application process.
The Focal Person for the Scheme in the State, Mr. Kema Ufelle, in a statement made available to newsmen in Benin City, said the government wants businesses in the state to take advantage of the opportunities provided by government to revive their businesses.
According to him, the Federal Government recently launched the N75bn MSME Survival Fund aimed at providing succor to MSMEs in the country that were affected by COVID-19. He added that over 35,000 slots are reserved for Edo State and advised residents of the state to take advantage of the available opportunities.
Mr. Ufelle noted that the state government is providing the needed support for the seamless take – off of the scheme in the State by ensuring that the people are aware of the fund and apply accordingly.
He listed the different tracks of the scheme available for funding to include payroll support, for MSMEs in the hospitality industry, private schools, factory owners, law firms and hospitals.
Others are those in general MSME grant category, which can be assessed through MSME associations, such as registered business clusters, trade associations and unions.
He also disclosed that artisans such as taxi drivers, hairdressers, tricycle drivers, okada riders, plumbers, electricians and other businesses in the production sector will be funded.
By: Besiru Enakhimion.