FG to roll out GOS, General MSMEs grant February 9th

The federal government is set to roll out the last two components of the MSME Survival Fund known as the Guaranteed Off take Scheme (GOS) and General MSMEs Grant.

President Muhammadu Buhari

The Minister of State for Industry , Trade and Investment and Chairperson Steering Committee on MSME Survival Fund and Guaranteed off-take scheme, Amb. Mariam Yalwaji Katagum told newsmen in Abuja on Thursday that the portal will open for the two components from 11:59pm on Tuesday, 9th February 2021 to Thursday 18th February 2021 for the Guaranteed Off take Scheme (GOS) and General MSME Grant Applications.

She said all interested MSMEs can go directly to the Portaland register for either of the Schemes free of charge.

She explained that the Guaranteed Offtake Scheme (GOS), is to stimulate direct local production by enabling 100,000 MSME in the production sector with funds to produce postCOVID lock down stimulus products.

“The Scheme will give preference to products produced in reasonably sufficient volumes in each State of the Federation, which have the proven propensity to create jobs and have a multiplier effect on the surrounding economy.

“The products are Face Masks, Hand sanitizer, Liquid Soap •Disinfectant and

Processed Foods

“MSMEs registered in Nigeria and owned by Nigerians will get patronage from government via procurement of products with a value of N150, 000 per business entity.

“Participating MSMEs are also required to fulfill thefollowing criteria: CAC registration with at least a Business Name Certificate,Verifiable BVN and Bank Account Number ,Have a minimum of 2 employees –Readiness to produce under NAFDAC and SON specifications.

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