President Muhammadu Buhari’s led government said it has commenced the implementation of the Economic Sustainability Plan progresses, the payment of N30,000 one-time grant to 330,000 artisans across the nation.
According to the Vice President, Prof. Yemi Osinbajo in a statement released on Tuesday, October 27, the first batch of the disbursement of the one-time grant of N30,000 will begin in Lagos, Kano, Federal Capital Territory, FCT and nine other states in the country.
The VP noted that enumeration and verification are still ongoing for the Payroll Support Scheme while free CAC Business Names’ Registration for 250,000 MSMEs has also commenced.
A part of the statement made available to newsmen by Laolu Akande, the VP’s spokesman reads: “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,” it added.
Naija News understands that the MSMEs Survival Fund scheme is a component of the Nigerian Economic Sustainability Plan, NESP, which was developed by an Economic Sustainability Committee established by President Muhammadu Buhari in March 2020.
The committee which produced and is overseeing the implementation of the plan is headed by Osinbajo.
Meanwhile, President Muhammadu Buhari on Tuesday stated that his government respects the right of Nigerians, Naija News reports.
Buhari who was represented by the state Minister of Works and Housing, Engr. Abubakar D Aliyu said his administration has put in place strategies to address the demands of the End SARS Protesters.
Source: Naija News