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NEW Survival Fund And Guaranteed Off-take Stimulus Scheme for 100,000 MSMEs across 36 states

Commencement: 9th February, 2021

The Steering Committee of the MSMEs Survival Fund and Guaranteed Off-take Stimulus Scheme chaired by the Honorable Minister of State (Federal Ministry of Industry, Trade and Investment), Ambassador Mariam Y. Katagum, wishes to announce the commencement of the Guaranteed Off-take Stimulus Scheme and the MSME Grant portal opening from the 9th February, 2021

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The Guaranteed Offtake Stimulus Scheme

The Guaranteed Offtake Stimulus Scheme is aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their products. A total of 100,000 Micro and Small Enterprises are to benefit from the scheme.

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TOTAL TARGETED BENEFICIARIES

The total target national number of beneficiaries is 100,000 (Lagos 3,880, Kano 3,280, Abia 3,080 while other States will each have 2,640 beneficiaries).

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ELIGIBILITY: 

  1. Applicants must be a Nigerian National
  2. Applicant must be registered with the Corporate Affairs Commission (CAC) with at least a business name.
  3. Applicant must be ready to produce under NAFDAC and SON specifications
  4. Applicant must have a verifiable BVN and Bank account number
  5. Applicant must have at least 2 staff members.

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The General MSME Grant

The General MSME Grant is a one-off grant of N50,000 that will be given to each qualified MSME as direct cash injection into their enterprise. The total number of beneficiaries in this track is 100,000 spread across the States.

Kindly note that 2021 General MSME Grant & the Guaranteed Offtake Stimulus Scheme Application registration for this scheme is ABSOLUTELY FREE. Beware of fraudsters.

For further details, please visit: www.survivalfund.gov.ng

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