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From Ude Chinedu, Enugu
The Federal Government, yesterday, disclosed 174,217 businesses have, so far, benefitted from its financial intervention schemes in the South East region.
This was made known by a member of the steering committee of the Micro, Medium and Small Scale Enterprises (MSME) Survival Fund, Ubadigbo Okonkwo, during a town hall meeting with beneficiaries in Enugu.
The town hall meeting, according to Okonkwo, was to highlight the scheme’s achievements in the zone and to receive beneficiaries feedback on all tracks of the scheme.
He revealed that the financial intervention of government was borne out of the need to stimulate the economy post-lockdown, especially for small and medium scale businesses.
“The COVID-19 pandemic caused disruptions in demand and supply chains, especially for corporate and household products and commodities. The Federal Government responded with the MSME Survival Fund and Guaranteed Off-take Scheme as its interventions to support micro and small businesses adversely affected by the pandemic.”
One of the beneficiaries, Darlington Nnamani, said the survival fund came timely when his commercial tricycle business came to halt due to an engine problem.
“It was devastating to me even as I have to go and start begging everyone in my neighbourhood in Awkunannaw in Enugu and also went to the house of enemies but to no avail.
“After two days of looking for solution, suddenly an alert of N30,000 came from the fund and that changed the story and today, the same tricycle is helping me to still fend for my family,” Nnamani said.
