In line with its promise to support businesses overcome challenges posed by the COVID-19 pandemic, the Federal Government, said it is ready to commence nationwide implementation of two MSMEs initiatives; the MSMEs Survival Fund with the Payroll support track as the first scheme to rollout with N60Billion Naira and the Guaranteed Offtake Scheme with 15Billion Naira.

According to the federal government, both schemes are at the core of the N2.3 trillion stimulus package also known as the Nigerian Economic Sustainability Plan, NESP being implemented by the Buhari administration to help cushion the impact of the COVID-19 pandemic with a view to boosting the economy by saving existing jobs and creating new job opportunities.