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Different Between GOS (150k) and General MSMEs Grant (50k) under MSME Survival Fund Scheme

Two schemes of the MSMEs Survival Fund component of the NESP are the GOS and the General MSMEs Grant.

#GOS is to stimulate direct local production by enabling 100,000 MSMEs in the production sector with funds to produce post COVID-19 lockdown stimulus products such as masks, hand sanitizer, liquid soap, disinfectant and processed foods.

"The minister said MSMEs registered in Nigeria and owned by Nigerians will get patronage from government via procurement of products with a value of N150,000 per business entity."

"Participating MSMEs are also required to be registered with the Corporate Affairs Commission (CAC) with at least a business name certificate, verifiable BVN and bank account number and should have a minimum of two employees as well as readiness to produce under NAFDAC and SON specifications."

#General MSME Grant is meant to give a one-off N50,000 grant to 100,000 MSMEs who do not meet the qualification of the payroll support or guaranteed offtake scheme

“A one-off grant of N50,000 will be given to each qualified MSME as direct cash injection into their business,”

2 comments:

  1. Please I've not seen Akwa Ibom State code and I need it

    ReplyDelete
  2. Lagos state code is not there please.

    ReplyDelete