January 19, 2021

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Fed Govt disburses fund to MSMEs in Bauchi

1 min read

 David Adenuga, Bauchi

 

THE Federal Government has commenced disbursement of the N75 billion COVID-19 Survival Fund to Micro Small and Medium Enterprises (MSMEs) in Bauchi State.

Director-General, Industrial Training Fund (ITF) Sir Joseph Ari said the Federal Government approved the fund to cushion the effect of the lockdown on businesses occasioned by the COVID-19 pandemic across the country.

Speaking at the sensitisation programme in Bauchi, the state capital, Ari, who was represented by the fund’s Deputy Director, SERVICOM, Mr. Gambo Nemogha, added that the government embarked on the programme to mitigate the effect of COVID-19 challenges and to ensure businesses and economic activities survive.

He explained that the beneficiaries were selected through their trade associations, urging traders to register with unions, which are eligible to access the grants.

Read Also: Fed Govt disburses N10b MSMEs fund

The ITF Director-General said each of the beneficiary trader would get N30,000 to boost his or her business.

A representative of the “50 Million Africa Women Speak Project”, Mrs. Lami Magaji, urged women to take advantage of the programme to support themselves and their households.

She enjoined women traders to form association and open bank accounts, advising that those who benefitted should utilise fund judiciously.