FG Guaranteed Offtake Stimulus Scheme for MSME

FG Guaranteed Offtake Stimulus Scheme for MSME

The Steering Committee of the MSMEs Survival Fund and Guaranteed Off-take Stimulus Scheme chaired by the Honorable Minister of State(Federal Ministry of Industry, Trade and Investment), Ambassador Mariam Y. Katagum, wishes to announce the commencement of the Guaranteed Off-take Stimulus Scheme and the MSME Grant portal opening from the 9th February, 2021.

The Guaranteed Offtake Stimulus Scheme is aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their products. A total of 100,000 Micro and Small Enterprises are to benefit from the scheme. The total target national number of beneficiaries is 100,000 (Lagos 3,880, Kano 3,280, Abia 3,080 while other States will each have 2,640 beneficiaries).

Qualification for the Federal Government Guaranteed Offtake Stimulus Scheme for MSME

  1. Applicant must be a Nigeria National
  2. Applicant must be registered with Corporate Affairs Commission CAC with at least a business name
  3. Applicant must be ready to produce under NAFDAC and SON specifications
  4. Applicant must have a verifiable BVN and Bank Account number
  5. Apllicant must have atleast 2 staff members

List of Products in Federal Government Guaranteed Offtake Stimulus Scheme for MSME

LOT 1 – Sanitizing & Cleaning Product

Face mask
Liquid Soup
Disinfectant
Hand Sanitizer

CATEGORY B – PROCESSED FOODS

LOT 2 – GRAINS
Beans
Garri
Acha
Alkama – Wheat
Brabusco
Rice (Parboiled)
Rice – Raw – Paddu

LOT 3 – FLOUR

Yam Flour
Plantain Flour
Soya Beans Flour
Garrin Danwake
Cassava FLour

LOT 4 – OIL

Palm Oil
Groundnut Oil
Coconut
Honey
Soyabeans Oil

LOT 5- SPICES

Dry Locust beans
Curry powder
Tumeric Powder
Ginger Powder
Garllic Powder

How much is Paid for the Federal Government Guaranteed Offtake Stimulus Scheme for MSME

The General MSME Grant is a one-off grant of N50,ooo that will be given to each qualified MSME as direct cash injection into their enterprise. The total number of beneficiaries in this track is 100,000 spread across the States.

Criteria to meet

All potential beneficiaries must meet the following criteria:
1. Must be a Nigerian national
2. Must be registered with the Corporate Affairs Commission (CAC) with at least a Business Name certificate
3. All applicants must have a verifiable BVN and Bank account number.

Kindly note that registration for this scheme is ABSOLUTELY FREE. Beware of fraudsters.

HOW TO APLLY FOR the Federal Government Guaranteed Offtake Stimulus Scheme for MSME

CLICK HERE TO APPLY

3 Comments

  1. Usaini Aminu February 8, 2021
  2. Babagana Mohammad February 9, 2021

Give a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Receive Latest Information Immediately they Happen
Dismiss
Allow Notifications