20,000 business owners apply for COVID-19 survival fund in Yobe | Dailytrust

20,000 business owners apply for COVID-19 survival fund in Yobe


Over 20,000 business owners have so far applied for the federal government’s Micro and Small Medium Enterprises (MSMEs) survival fund in Yobe State.

The State Focal person for Survival fund, Abubakar Adamu Fika disclosed this in Damaturu during a one-day stakeholder town hall meeting for MSMEs Artisan and Transport Scheme.

He said the meeting was aimed at discussing with the business stakeholders and union leaders on the implementation plan for the survival fund in Yobe State.

“ For this programme, we are targeting about 4500 artisans but the total beneficiaries for Yobe is about 35,000 individuals for the survival fund who will receive between N30,000 and N50,000”

“We have registered in excess of N20, 000 so far, we’ve been sharing out forms and we are collecting their data so that we can process and send to Abuja for payment”

He said some beneficiaries for the payroll category scheme have already started receiving their alert all over Yobe state.

Speaking earlier, the Senior Enterprises Officer of SMEDAN Muhammed Nasiru Joji said he was in the meeting to guide businessmen on the benefits of the federal scheme to participate in the programme.

He urged all the businessmen and women to be more organised and ensure they register with the Corporate Affairs Commission in order to benefit from future programmes.

The state Chairman, Yobe Harmonised Traders Association, Usman Muazu noted that the meeting has deepened their understanding basically on how to apply the grant.

He thanked President Muhammadu Buhari for bringing the programme aimed at circumventing the effect of COVID-19 on businesses in Yobe State and Nigeria at large.