FG supported SMEs with N56.8bn under MSMEs Survival Fund Scheme

The Minister of State, Industry, Trade and Investment, Mariam Katagum disclosed that the Federal Government disbursed N56.8bn to one million Micro, Small and Medium Scale businesses under its MSMEs Survival Fund Scheme.

The beneficiaries of the programme cut across the 36 states and the Federal Capital Territory.

The MSME Survival Fund Scheme which was approved by the Federal Executive Council on July 1, 2020 falls under the Nigeria Economic Sustainability Plan.

Katagum said over 85 per cent of the targeted beneficiaries had so far been reached, adding that the government intended to reach the remaining percentage.

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