♦40% of the money for Women enterprises
The Honorable Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, says a series of stimulus packages totalling N65 billion, will be made available soon by the federal government to assist operators in the private sector to reboot the economy.
“These include a N50 billion survival funds for MSME; and a N15 billion Guaranteed Uptake Scheme to save 500,000 jobs,” he told chieftains of the Organised Private Sector Nigeria (OPSN)at a virtual meeting with the body on the implementation of project and programmes under the Economy Sustainability Plan which was recently approved by National Executive Council will be in close cooperation with members of the OPSN.
The OPSN is made up of the Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigeria Employers’ Consultative Association (NECA), Nigerian Association of Small and Medium Enterprises (NASME) and Nigerian Association of Small Scale Industrialists (NASSI).
The minister revealed that under some of these interventions, 40 percent of the funds will be reserved for women owned businesses .
He assured that his Ministry will support and work closely with the private sector as government works to reboot the economy in the face of the COVID-19 pandemic.
The meeting was attended by the President of NACCIMA, who is also the current president of the OPSN; Hajiya Saratu Iya Aliyu; the President of MAN, Engr. Ahmed Mansur; President of NECA, Mr. Taiwo Adeniyi; and the President of NASME, Sir Orimadegun Agboade.
In picture:Industry Minister, Niyi Adebayo during the virtual meeting with the Presidents of NACCIMA, MAN, Nigerian Association of Small & Medium Enterprises, Nigerian Association of Small Scale Industrialists, Nigeria Employers Consultative Association (NECA). Photo Credit: Twitter
In her earlier statement, the OPSN President Hajiya Saratu Iya Aliyu , thanked the Minister for the opportunity given to the private sector to present its positions and requests.
She called for closer ties between the OPSN andthe ministry especially as the country struggles to save and reboot the economy.
She said that present situation truly presents an opportunity to diversify the economy and make it more self-reliant, and steps must be taken towards that goal.
Other issues discussed at the meeting were Maritime Port Reforms; Appropriate Gas pricing; Special Economic Zones and Industrial Clusters, as well as stable and regular power supply.