FG launches MSME Survival Fund Transport Track for South East

FG launches MSME Survival Fund Transport Track for South East

The Federal Government on Monday in Abakiliki launched the transport sector track of the Micro, Small and Medium Enterprises (MSMEs) Survival Fund for the South-East zone.


Mr Ubadigbo Okonkwo, a member of the Board of Trustees of MSMEs, who performed the launch, said that no fewer than 4,400 persons in Ebonyi Sstate would benefit from the programme.


Okonkwo said that each of the beneficiaries, including commuter bus and taxi drivers, tricycle operators, commercial motorcyclists and mechanics, would receive N30,000 grant as survival fund.


“This is a Federal Government’s initiative to alleviate the sufferings of transporters and reduce the effect of income loss on their business, especially during the COVID-19 lockdown,” he said.


In her remark, Mrs Ann Aligwe, the Commissioner for Human Capital Development and Monitoring in Ebonyi, lauded the Federal Government for choosing the state to launch the scheme.


Aligwe expressed happiness that the initiative would go a long way to boost the transport business and allied trades generally in the South East geopolitical zone of the country.


Also speaking, Mr Chigozie Asochukwu, the State Coordinator of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), said the beneficiaries were selected from 13 local government areas, transport associations and cluster groups in the state.


“The documentation has commenced and thereafter, disbursement of funds will start.


“This involves all transporters from community to community and the disbursement will be done through their associations,” he said.


Responding, Mr Paulinous Atam, the state Chairman of Okada Riders Association, described the scheme as a welcome development and urged members to make judicious use of the funds.


A beneficiary, Mr Nwancho Alo, expressed gratitude to the Federal Government for the gesture and promised to invest the money wisely.

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