Schools, hotels and others to benefit from MSMEs support scheme – Osinbajo
Vice-President Yemi Osinbajo on Thursday July 16, disclosed that private schools, hotels, road transport workers and many others, would benefit from the stimulus package the Federal Government has put in place for Micro Small and Medium Enterprises to cushion the effect of the Coronavirus pandemic in the country. In a statement released by his Senior Special Assistant on Media and Publicity Laolu Akande, the Vice President said the support scheme had been covered by the government’s Economic Sustainability Plan and the survival fund would help provide payroll support to MSMEs with a minimum of 10 and maximum of 50 staff members. Osinbajo said; “I am glad to note that this year has been an exception despite the challenges posed by the Covid-19 pandemic. Locally, businesses are facing their most challenging time and the impact is particularly severe on MSMEs. “The central plank of our response as a government to the economic challe...