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N75bn fund: Lagos, Kano, Abia to get more beneficiaries

by News Echo
1 minutes read

Lagos, Kano, and Abia states will produce more beneficiaries than any other state and the Federal Capital Territory in the sharing of the Economic Sustainability Plan’s N75bn Micro, Small, and Medium Enterprises Survival Fund.

This was contained in an updated report of the Federal Government on the implementation of the survival fund scheme on Sunday.

The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, confirmed the report.

Justifying the government’s decision to pick more beneficiaries from the three states, Akande explained that Lagos, Kano, and Abia State have more MSMES activities than the remaining states.

According to the distribution pattern contained in the report, for the Payroll Support, Lagos will get 25,000 beneficiaries; Kano gets 17,000; Abia gets 16,000; while other states get 13,000 each.
For the General MSME Grants, Lagos gets 3,880; Kano -3,280; Abia -3,080; while other states get 2,640 each.

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