FG to give N50,000 grant each to 100,000 MSMEs — Presidency

Mr Tola Johnson, Special Assistant to the President on Micro Small and Medium and Medium Enterprises(MSMEs), says 100,000 small businesses will get N50,000 each as part of COVID-19 economic stimulus.

Johnson disclosed this at the inauguration of the Implementation of Survival Fund and Guaranteed Off-Take Stimulus Schemes for MSMEs on Thursday in Abuja.

The special assistant, who is also the Project Coordinator, said that the schemes were part of the Economic Sustainability Plan drafted by Vice President Yemi Osinbajo-led committee and approved by President Muhammadu Buhari.L