Nigeria’s federal government has disbursed over N66 billion to 1.258 million beneficiaries under the MSMEs Survival Fund and Guarantee Off-Take Scheme. The scheme was launched for the benefit of MSMEs and self-employed individuals who were remuneratively employed earlier, and to stimulate the nation’s economy following the Covid-19 lockdown. The Nigerian government implemented the survival fund across five tracks: Payroll Support Scheme, Artisan and Transport Scheme, Formalisation Support Scheme, General MSME Grants Scheme, and Guaranteed Off-take Scheme. This strategy has yielded positive results as it makes sure that SMEs at risk can fulfill payroll responsibilities and that their employees are not laid off from jobs.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.