“This is our moment and the government of Nigeria and its regulatory agencies are prepared to back MSMEs and other businesses that are prepared for the innovative and interesting times that lie ahead of us.”
Vice President Yemi Osinbajo, says the Federal Government has set up palliatives to assist Micro Small and Medium Enterprises survive the economic fallout of the COVID-19 pandemic.
Osinbajo listed the Federal Government’s palliatives as, “E-Registration of MSMEs/products at 80 percent discounted rate over a period of six months.“Waiver on administrative charges for overdue late renewal of expired licenses of micro/small businesses products for a period of 90 days.’’ “Of importance to the government’s response was to find ways of not just giving succour and assistance to existing MSMEs but also ensuring that there is a practical and active fillip to new MSMEs.
“Just after the first index case of the disease was discovered in Nigeria and before the lockdowns began, the President put together strategic teams to immediately determine the impact of the disruptions likely to be caused to the economy. “As the president has repeatedly urged, we have no excuse not to be one of the most productive and prolific economies in the world; our hope is to achieve this aim in the incredible numbers of MSMEs that we have.”
“These are all indicators of the new spirit of NAFDAC and foretaste of the support MSMEs stand to enjoy in wading through these trying times. But this is not a new undertaking for us.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19: FG’s plans palliatives for MSMEs – Daily TrustVice President Yemi Osinbajo, says the Federal Government has setup palliatives to assist Micro Small and Medium Enterprises(MSMEs) survive the economic fallout of the COVID-19 pandemic. The vice president said that the palliatives reflected the President Muhammadu Buhari administration’s determination to support MSMEs and the priority the Federal Government placed on small businesses. Osinbajo’s spokesman, …
Read more »
COVID-19 fallout: Osinbajo highlights FG’s palliative for MSMEsVice President Yemi Osinbajo, says the Federal Government has setup palliatives to assist Micro Small and Medium Enterprises(MSMEs)...
Read more »
COVID-19 Fallout: Osinbajo highlights Nigerian govt’s palliative for MSMEsVice President Yemi Osinbajo says the Federal Government has set up palliatives to assist Micro Small and Medium Enterprises(MSMEs) to survive the economic fallout of the COVID-19 pandemic. The Vice President said the palliatives reflected the President Muhammadu Buhari administration\u2019s determination to support MSMEs and the priority the Federal Government placed on small businesses. Osinbajo\u2019s
Read more »
COVID-19 fallout: Osinbajo highlights FG’s palliative for MSMEsVice President Yemi Osinbajo, says the Federal Government has setup palliatives to assist Micro Small and Medium Enterprises(MSMEs)...
Read more »
COVID-19 Fallout: Osinbajo highlights Nigerian govt’s palliative for MSMEsVice President Yemi Osinbajo says the Federal Government has set up palliatives to assist Micro Small and Medium Enterprises(MSMEs) to survive the economic fallout of the COVID-19 pandemic. The Vice President said the palliatives reflected the President Muhammadu Buhari administration\u2019s determination to support MSMEs and the priority the Federal Government placed on small businesses. Osinbajo\u2019s
Read more »
COVID-19: FG’s plans palliatives for MSMEs – Daily TrustVice President Yemi Osinbajo, says the Federal Government has setup palliatives to assist Micro Small and Medium Enterprises(MSMEs) survive the economic fallout of the COVID-19 pandemic. The vice president said that the palliatives reflected the President Muhammadu Buhari administration’s determination to support MSMEs and the priority the Federal Government placed on small businesses. Osinbajo’s spokesman, …
Read more »