In a tweet on Monday, the federal government said the schemes – Guaranteed Offtake Scheme and MSMEs Survival Fund – would save jobs and sustain local production.
“The Federal Govt is rolling out, under the NESP, support schemes for MSMEs nationwide, including a Guaranteed Offtake Scheme ; and an MSMEs Survival Fund that will make payroll support available to save jobs and sustain local production,” it tweeted. It said the chair of the Committee is the Minister of State, Trade and investment, Mariam Katagum, while the Vice Chair is the chairman of First Bank, Ibukun Awosika.The objective of the first track is to sustain 300,000 jobs in 10, 000 MSMEs by guaranteeing off-take of priority products such as processed food, personal protective equipment, hand sanitizers, face masks, face shield, shoe covers and pharmaceuticals.
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