N37bn Survival Fund released to Nigerians, SMEs got N106bn

N37bn Survival Fund released to Nigerians, SMEs got N106bn – Presidency

The presidency has confirmed the release of N37billion for Nigerians in the Survival Fund.

In a statement, presidential spokesman, Laolu Akande, said ministers and heads of agencies reported further progress in the implementation of the Economic Sustainability Plan of the Buhari administration.

Vice President Yemi Osinbajo presided over a meeting of the ESP on Monday at the Presidential Villa.

The N37billion Survival Fund released covers N50,000 Payroll Support for three months to over 300,000 beneficiaries, one-time grants of N30,000 to 100,000 artisans, and 100,000 business name registrations paid for by the federal government.

Central Bank Governor, Godwin Emefiele reported disbursement of over N192billion for household/MSMEs grants to 426,000 beneficiaries across the country, with plans to do over N100billion more in that category named Targeted Credit Facility.

He disclosed that under the collateral-free Agric-Business/Small & Medium Enterprise Investment Scheme, there are ongoing grants of concessionary loans from between N150,000 to N2.5million.

Over N106billion has been disbursed so far to over 27,000 beneficiaries, the presidency noted.

Agriculture Minister, Sabo Nanono said 5.4million farmers have now been enumerated to get the support under the ESP.

He confirmed almost 73,000 N-Power volunteers were trained and 30,000 of them deployed to 774 Local Government Areas.

The minister added that 2.9million of the farmers have had their BVN enrollment validated.

Comments

Pictures From Tiwa Savage And Teebillz Pre-Wedding Party In Dubai Last Night

Pastor Chris Okotie Threatens INEC For Not Registering His Party, Also Claims There Will Be Trouble In Nigeria If He’s Not Allowed To Contest

Lol! This is funny… The Senior Pastor of Household of God Church, Rev. Chris Okotie has been in war with Independent Independent National Elections Commission for not. Re-registering his party Fresh Democratic Party, FDP. He threatened that INEC is playing with fire if his party is denied the chance of contesting for the 2015 presidential elections. Rev. Okotie who is also the presidential candidate of his party, is in a bad state despite the fact that a Federal High court in Abuja had ruled that INEC should re-register his party after it was de-registered which the election body has refused to comply with the court directives. I’m sure you all remember Okotie claimed that God told him to contest every election, the same Okotie is now threatening INEC and Nigeria that if he is not allowed to run, then there will be trouble in country.

Chris Okotie Writes about the NIS Recruitment Stampede

Pastor Chris Okotie of Household of God International Ministries posted this an article on his official Facebook page on the tragic stampede at the Nigeria Immigration Service recruitment. Read; The big news this week was the inauguration of the National Conference, but the deaths of more than 16 young applicants who died in Abuja and other venues, during the Nigerian Immigration Service, NIS recruitment exercise, overshadowed it. This tragedy mirrors the desperate situation of Nigeria. One only hopes that this unfortunate loss of lives, coupled with the incessant Boko Haram killings and other youth-based violence, would serve as a wake-up call to the summiteers, that this country needs a new governance paradigm. If the conference cannot produce that, then the over N7 billion invested in it would amount to another colossal waste of our scarce national resources. It is an irony that each delegate would earn a whopping N12 million for the 3-month duration of the...

egberikoko

Search This Blog