(AGENDAWATCHDOG) – Vice-President, Professor Yemi Osinbajo has disclosed thatPrivate schools, hotels, road transport workers, creative industries, are the target beneficiaries of the MSMEs Support Scheme.
The VP, who revealed this while speaking at the 2020 edition of the MSMEs Awards, which held via virtual-video, said the Federal Government was now set to implement a number of schemes to keep MSMEs afloat, as part of efforts to support small businesses in Nigeria to survive the effects of the COVID-19 pandemic.
According to Osinbajo, the scheme which is contained in the administration’s Economic Sustainability Plan, is a survival fund that would help provide payroll support to MSMEs with a minimum of 10 and a maximum of 50 staff members.
Present at the event were some top government functionaries such as several State Governors and their representatives, the FCT Minister Mallam Muhammed Bello, the Industry, Trade and Investment Minister of State Ambassador Mariam Katagum and various heads of MDAS and captains of industry.
The MSME of the Year Award was won by Adejoke Lasisi of Planet 3R Limited, while Kaduna State was awarded the Best MSME Clinic Support State. Both winners received cash and car prizes.