Business

FG inaugurates survival fund for 333,000 artisans, transporters

FG inaugurates survival fund for 333,000 artisans, transporters

The Federal Government, on Thursday, formally inaugurated the artisans and transport sector track of the N75bn MSME Survival Fund and Guaranteed Off-take Stimulus Scheme.

A total of 333,000 artisans and transporters across the country are to benefit from grants provided by the scheme.

The Minister of State for Industry, Trade and Investment, Miriam Katagum, who flagged off the scheme in Abuja, said 9,009 beneficiaries each from the 36 states of the federation and the Federal Capital Territory would benefit from the scheme.

She said the scheme would leverage duly registered and recognised associations so that members of the bodies would attest to the transparency and effectiveness of the exercise.

She explained that the artisans and transport support scheme was designed to provide 333,000 artisans and transport business operators with a N30,000 operations grant.

She said special focus would be given to 45 per cent female-owned micro, small and medium enterprises and five per cent special needs owned MSMEs.

Katagum said the grants would go to self-employed individuals, especially service providers such as bus drivers, taxi drivers, ride share drivers and artisans, including electricians and plumbers.

(Punch)

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