Nigeria Lists Conditions MSMEs Must Meet To Enjoy Support

A new programme by the Nigerian government to support 100,000 small and medium businesses will commenced yesterday. February 9.
The federal government announced that the registration for the Guaranteed Off-take Stimulus scheme (GOS) and the general micro, small and medium enterprise (MSME) grant commenced on February 9.
This was disclosed in a statement issued by the project delivery office of the scheme on its Twitter page, recently.
The steering committee of the scheme chaired by Mariam Katagum, minister of state for industry, trade and investment, said in the statement that the portal would be opened on February 9, 2021.
The Guaranteed Off-take Stimulus scheme is aimed at protecting and sustaining the incomes of vulnerable micro and small businesses by guaranteeing the offtake of their products.
According to the statement, a total of 100,000 MSMEs will benefit from the scheme.
Lagos will get 3,880; Kano, 3,280; Abia, 3,080; while the other states will each have 2,640 beneficiaries.
Similarly, it said, a one-off grant of N50,000 will be given to each qualified MSME as direct cash injection into their enterprise. This is designed to help boost the growth of 100,000 MSMEs spread across the states.
Companies making the following products are expected to benefit from the scheme: face mask, liquid soap, disinfectant, hand sanitiser and processed foods.