Skip to main content

Entrepreneur, 4 staff benefit from FG MSME survival fund

MSME Survival Fund records more beneficiaries nationwide

By Providence AAdeyinka

 

An entrepreneur and four of her staff have benefited from federal government Micro Small and Medium Enterprises, MSME, survival fund which is part of effort geared toward protecting businesses from effect of COVID-19 pandemic.

The Federal Government MSME Survival Fund Program is a part of the Economic Sustainability Plan, which aims to support and protect businesses from the potential vulnerabilities brought about by the COVID-19 pandemic.

The beneficiary, Lola Petra Ventures, specializes in trading, bakery, food and beverages and is based in Ogun states.

READ ALSO;COVID-19: Comply with mandatory mask-wearing to avert lockdown — Presidency

A statement from SME100 Africa, said that the proprietor, Ms. Lola Petra Allen, giving hint of how she benefitted from the fund, said she got the registration link through a school group and once she had confirmed the legitimacy she went on to apply just like everyone else and decided to keep following up for changes and necessary requirements.

She said that after the initial stages she and her staff eventually got to the final verification stage which led up to her employees being paid N30, 000 each by the federal government.

Minister of Industry, Trade, and Investment, Niyi Adebayo, gave the keynote address where he spoke on how government and small business owners can keep up with the market. Mr. Brian Oji is the host, Lagos Small Business Summit and CEO of Inversion STC.

The post Entrepreneur, 4 staff benefit from FG MSME survival fund appeared first on Vanguard News.


by Urowayino Jeremiah via Vanguard News https://ift.tt/36tFJw2 Wikipedia Our Friends From Virginia
Labels:

Comments

Post a Comment

Popular posts from this blog

Happy Workers’ Day!!!from all of us at Coronation Merchant Bank

Today, we celebrate all our health care workers that are on call, working long hours and tirelessly trying to flatten the curve of the COVID-19 pandemic. Without them, the country would be overwhelmed by the Coronavirus pandemic but they are risking everything to make sure we conquer the virus. Aside from being a day to celebrate workers, “Mayday” is also a distress call. Hence, we are calling on all Nigerians to mask up and stay home as much as they can so that the efforts of our health care workers will not be in vain. Happy Workers’ Day from all of us at Coronation Merchant Bank The post Happy Workers’ Day!!!from all of us at Coronation Merchant Bank appeared first on Vanguard News . by sunday via Vanguard News https://ift.tt/2VQxs07 Wikipedia Our Friends From Virginia
Post a Comment
Read more

Buhari reappoints Runsewe, others

 By Osa Amadi President Muhammadu Buhari has reappointed Otunba Segun Runsewe as Director-General, National Council for Arts and Culture for another term of four years to continue the deepening of Nigeria’s cultural economy. The appointment was announced on April 30, 2021, by Garba Shehu, President Buhari’s Senior Special Assistant on Media and publicity. Others who were also reappointed were Mr Folorunso Coker, Director-General, Nigeria Tourism Development Corporation, and Alhaji Adedayo Thomas, Executive Director National Film and Video Censors Board (NFVCB). The President also approved the appointment of Alhaji Ahmed Mohammed Ahmed as the Chief Executive Officer /Artistic Director of the National Troupe of Nigeria. Alhaji Ahmed was until his appointment, Director of Culture in the Ministry of Culture and Tourism, Bauchi State. Vanguard News Nigeria The post Buhari reappoints Runsewe, others appeared first on Vanguard News . by Lawal Sherifat via Vanguard News https:/...
Post a Comment
Read more

CBN depreciates naira to N410.25 in I&E window

CBN By Elizabeth Adegbesan The Central Bank of Nigeria depreciated the naira yesterday by N16.25 kobo depreciated in the Investors and Exporters (I&E) window. This represents the third and  biggest daily depreciation of the naira since 2017. Recall, the indicative exchange rate for the window jumped to N374 per dollar at the close of business from N368.33 per dollar on 11th of March 2020, translating to N5.67 depreciation for the naira. READ ALSO: ASUU strike cripples economies of university communities in 2020 Similarly,  last month,  CBN depreciated the naira  by N7.75 in the window, as the FMDQ platform, showed that the I&E window rose to N393/$ at the close of business from N385.5/$  November 24 2020. Data from FMDQ showed that the indicative exchange rate for the window rose to N410.25 per dollar from N394 per dollar on Wednesday, indicating N16.25 kobo depreciation of the naira. However, the volume of dollars (turnover) traded in the win...
Post a Comment
Read more