The Federal Government has announced that registration for the guaranteed offtake stimulus scheme and the general micro, small and medium enterprise (MSME) grant will commence on Tuesday, February 9th.
The Federal Government has also announced the disbursement of N27 billion to Micro Small and Medium Enterprises (MSMEs) as part of the MSMEs Survival Fund Scheme.
100,000 MSMEs to benefit from GoS
100,000 Nigerians to benefit from one-off N50,000 MSME grant
The Steering Committee of the MSMEs Survival Fund and guaranteed Off-take Stimulus Scheme chaired by the Honourable Minister of State, Federal Ministry of Industry, Trade and Investment, Amb. Mariam Y. Katagum, wishes to announce the commencement of the Guaranteed Off-take Stimulus Scheme and the MSME Grant portal opening from February, 9th, 2021.
The Guaranteed Off-take Stimulus Scheme is aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their products.
What the Minister of State of Industry, Trade and Investment is saying
Katagum in her statement said, “The Federal Government is set to roll out the last two schemes of the MSMEs Survival Fund component of the National Economic Sustainability Plan (NESP) namely, the Guaranteed Offtake Scheme (GOS) and the General MSMEs Grant. Two of the components approved under the Economic Sustainability Plan (ESP) are the MSMEs Survival Fund and Guaranteed Off-take Scheme.
“The Steering Committee approved the implementation of the 2 Schemes in 5 distinct parts namely; the Payroll Support Scheme, Artisan and Transport Scheme, Formalization Support Scheme, General MSMEs Grant and the Guaranteed Offtake Scheme.
“Under these two components, the portal will open from 11:59 pm on Tuesday, 9th February 2021 to Thursday 18th February 2021 for the Guaranteed Off take Scheme (GOS) and General MSME Grant Applications. All interested MSMEs can go directly to the Portal and register for either of the Schemes free of charge.”
A total of 100,000 Micro and Small Enterprises are to benefit from the scheme.
The total target national number of beneficiaries is 100,000. The breakdown is as follows: Lagos, 3,880; Kano, 3,280; Abia, 3,080; while the other states will each have 2,640 beneficiaries.
The qualification criteria for this Scheme are as follows:
- Applicant must be a Nigerian National.
- Applicant must be registered under Corporate Affairs Commission with at least a Business Name certificate
- Applicant must have a verifiable BVN and Bank Account
- Applicant must have at least 2 staff
- Applicant must be ready to produce under NAFDAC and SON specifications.
The list of products captured in the Guaranteed Off-take Stimulus Scheme track is as below:
PRODUCT LIST FOR GUARANTEED OFFTAKE
There are two categories of products to be captured under this scheme: Sanitization/cleaning and processed foods.
Sanitization and Cleaning
Lot 1 (Product)
1. Face Masks
2. Liquid Soap
4. Hand Sanitizer
Lot 2 (Grains)
2 . Garri
6. Rice (Parboiled)
7. Rice (Raw)
Lot 3 (Flour)
1. Yam Flour
2. Plantain Flour
3. Soya Bean Flour
4. Garin Danwake
5. Cassava Flour
Lot 4 (Oil)
1. Palm oil
2. Groundnut Oil
3. Coconut Oil
5. Soyabean Oil
Lot 5. (Spices)
1. Dry Locust beans
2. Curry Powder
3. Tumeric Powder
4. Ginger Powder
5. Garlic Powder
How to Apply
If you are interested in applying for this programme, kindly follow the link below.