The Federal Government (FG), has said that it is set to commence the payment of N30,000 to 330,000 artisans across Nigeria.
Vice President, Prof Yemi Osinbajo, who disclosed this stated that beneficiaries nationwide will receive a one-time grant of N30,000.
Under the arrangement, Lagos, Kano, Abuja and nine more states will be treated in the first batch.
Osinbajo, disclosed that as the implementation of the Economic Sustainability Plan progresses; the payment of N30,000 one-time grant to 330,000 artisans across the country is now in progress.
Laolu Akande, spokesman to Osinbajo in a statement revealed that the FG will roll out the payments today, Wednesday, October 29.
“The payments are being made to sets of verified beneficiaries of the Artisan Support Scheme; a track under the MSMEs Survival Fund
“In the first stream of payments starting today, beneficiaries are being drawn from the FCT, Lagos, Ondo, Kaduna, Borno, Kano, Bauchi, Anambra, Abia, Rivers, Plateau and Delta States. They form the first batch of applications for the scheme submitted between October 1 and October 10,” he added.
Enumeration for the second stream of states under the Artisan Support Scheme has also commenced; with enumerators in various states compiling the lists of artisans through their association leaders. All artisans are expected to liaise with their association leaders to document their details.
The registration of applicants for Stream 2 began on the 19th October 2020. States under Stream 2 are Edo, Ogun, Ekiti, Katsina, Kebbi, Kogi, Kwara, Enugu, Ebonyi, Adamawa, Taraba and Bayelsa.
The payment of N30,000 to artisans falls under the MSMEs Survival Fund scheme; a component of the Nigerian Economic Sustainability Plan, NESP, which was developed by an Economic Sustainability Committee. The committee was established by President Muhammadu Buhari in March 2020.
The Survival Fund is aimed at supporting vulnerable MSMEs in meeting their different obligations and safeguard jobs in the sector.
Also, Osinbajo heads the committee on behalf of the Federal Government.
Osinbajo, also said that enumeration and verification are still ongoing for the Payroll Support Scheme.
Also, he disclosed that the free CAC Business Names’ Registration for 250,000 MSMEs has also commenced.
Applications for the Artisans’ Support Scheme under the MSMEs Survival Fund opened on October 1.