FG’s MSME Survival fund in Kano state

The MSME Survival Fund is one of the Federal Government’s economic support measures designed to assist micro and small businesses affected by the COVID-19 pandemic.
The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic.
The scheme will provide payroll support to a maximum of 10 employees per qualifying MSME.
The sheme is being implemented through the Bank of Industry and other relevant agencies.
Mr Auwalu Danhajiya, Chairman, Kano State chapter of the National Association of Tailors, said that most of the tailors who registered under the scheme had received N30,000 grant from the federal government.
Danhajiya commended the gesture, saying it would assist members of the association to improve their capital base.
“The COVID-19 pandemic negatively affected the trade forcing many tailors out of business in the state.
“In the past few days most of our members got credit alerts through their individual accounts under the Federal Government’s MSME Survival Fund.
“We have about 50,000 registered members and most of those captured under the scheme had received N30,000 from the government.
“Some of the beneficiaries have used the money to either repair their broken sewing machines, purchase working materials, settled debt or take care of their family needs.
“The gesture will enable us resume work and encourage productivity,” he said.
In their separate remarks, Murtala Umar and Abubakar Dogo of the Nigeria Automobile Technicians Association (NATA) and Kano State Vulcanizer Association, respectively,  commended the gesture.
Umar said a great number of NATA members recieved support under the scheme, and urged the government to expand the scope of the fund to mobilise more participation in the programme.

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