NewStats: 3,263,169 , 8,179,312 topics. Date: Wednesday, 04 June 2025 at 10:28 PM 246z5v

The Minister of Industry, Trade and Investment, Chief Niyi Adebayo, has disclosed that a total of N56.84 billion had been disbursed to operators of micro, small and medium scale enterprises (MSMEs) in Nigeria, out of the N75 billion Survival Fund earmarked by President Muhammadu Buhari’s government.

The minister said this yesterday, during the opening of the technical session of the 13th meeting of the National Council on Industry, Investment and Trade held at Ado-Ekiti, Ekiti State.

The minister who was represented by the Permanent Secretary in the Ministry, Dr. Evelyn Ngige, said the scheme was targeted at strengthening ordinary Nigerians and reduce the poverty index to the nearest minimal.

Adebayo said: “On the N75 billion MSME Survival Fund, the programme has disbursed N8.80 billion to 293,336 beneficiaries under the Artisan & Transport Scheme; N43.92 billion to 459,334 beneficiaries under the Payroll Scheme, and N4.12 billion to 82.491 beneficiaries under the MSME Grant Scheme.

“In total, the sum of N56.84 billion has been disbursed to 835,161 beneficiaries under the MSME Survival Fund scheme.”

Adebayo revealed that the ministry has begun full activation of the six private sector-led Special Economic Zones (SEZs) at Lekki, Eyimba, Funtua, lbom, Kano, and Benue, saying the government was working through the Nigeria Export Processing Zones Authority, to ensure the Authority delivers the establishment of three SEZs in 2022,

In addition, Adebayo said the ministry had, “in line with the Presidential directive for the establishment of at least one Agro-Processing Zone in each of the 109 Senatorial Zones, commenced the process of collecting agro-commodities data in 16 states. He listed the states to include Ebonyi, Plateau, Edo, Jigawa Ondo, Gombe, Abia, Benue, Osun, Sokolo, Zamfara, Enugu, Ekifi, Bauchi, Kebbi and Bayelsa in the first implementation phase.

“We have also ensured credit access to ten million MSMEs at a single-digit rate. In the implementation of this strategic pillar of the federal government to reduce the rate of unemployment in the country, the Ministry through the Bank of Industry (BOI) has disbursed N15bn to 863 MSME businesses across several sectors,” he added.

He said the ministry has actively continued to expand its collaboration with the private sector to create well-paying jobs for the Nigerian youths in fulfillment of the job creation objective of the government.

“The ministry, through the Industrial Training Fund (ITF) has trained 1,211 beneficiaries under its Info-Tech Skills Empowerment Programme (ISEP), ion to Profession, and other Special Skills Intervention Programmes,” he added.

The former governor said as part of government efforts to reduce poverty through the creation of jobs, various strategic wealth creation programmes have been embarked upon by the Ministry through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

“These initiatives are all geared towards Mr. President’s promise of taking 100 million Nigerians out of poverty within the next 10 years,” he added.

https://www.thisdaylive.com/index.php/2021/11/23/fg-disburses-n56-84bn-survival-fund-to-835161-beneficiaries/

Any demographic records to prove this assertion or it is just to be quoting figures up and down? Same MSMEs that are being stiffled out by constricting govt economic policies.

Ok

To their families and relatives

E no go selective beneficiaries

where is my own, i swear i neva receive any fund oo

Dem don start oooo

[img]https://c./r7OYRTWn1C0AAAAC/kevin-hart-stare.gif[/img]

Make I no talk. Lai Muhammed

Lies..

You mean this kinda disbursing

No demographic data or any other factual prove....

This Ekiti man has caught the Lai Mohammed bug. Lai "lying" Mohammed needed to take a break from the public eye in the light of the heat generated by the #EndSars report recently, so now it is imperative that another liar takes his place in the meantime.

Adeniyi Adebayo, I feel sorry for you that it had to be you to take up that inglorious and ignoble role. I wish they they had given it to one of their own who already has some proficiency in lying shamefacedly, Garba Shehu for instance.

But then what do I know, I'm just some Nigerian trying to impart common sense.

nice

..


Nigerians must have sense by force or perish

..

There is God ooo

FG disbursed N56.84b to themselves which will be looted at the expense of the improvised masses.

I see BMC on Nairaland who are yet to receive their October and November stipend claiming that the funds had been received by every household in Nigeria, I see them unable to continue defending Buhari because they're still owing their Network provider for the data they borrowed which they're yet to pay.

This I have seen.

And I never see my own since January..
Dem don disburse am to Abokis Again.

E go be

God bless Buhari good bless our incoming president TINUBU God bless Nigeria

as the most VIP citizen of the federal republic, where is my share

Nah only on Nairaland I dey read this kin news

FG Have Disbursed N56.84bn Survival Funds To 835,161
Beneficiaries....
you gerrit?
if you don't gerrit, forget abourit

Lies.

Liars...

God will help us all in this country.
E don dey certain sey this country is under a spell.

Make una just love one another. Because our sin too much for this country!!!

Buhari has good intentions but the results of our deeds na hin we dey suffer today. Just my thought.

Love yourselves and you will see that things will turn around.

U don mean it.... liers on high places

Na wa o

Lies

Unknown beneficiaries as usual

Continue looting