Last updated on February 12th, 2021 at 12:50 pm
The application link for the Guaranteed Offtake Stimulus Scheme will be activated on February 9, 2021, for business owners in certain categories to submit their application.
Targeted Beneficiaries: Micro and Small Businesses registered in Nigeria.
Stipulated grant: The general MSME grant is a one-off grant of N50,000
Model: A total of 100,000 Micro Small Enterprises are to benefit from the scheme, Lagos will have the highest followed by Kano.
- Lagos: 3,880,
- Kano: 3,280,
- Abia: 3,080
- Other states: 2,640 beneficiaries each
List Of Products Captured In The Guaranteed Offtake Stimulus Scheme
- Liquid soap
- Hand sanitiser
- Alkama (wheat)
- Parboiled rice
- Rice (raw)
- Yam flour
- Plantain flour
- Soya bean flour
- Garin Danwake
- Cassava flour
- Palm oil
- Ground oil
- Coconut oil
- Soyabean oil
- Dry locust beans
- Curry powder
- Tumeric powder
- Ginger powder
- Garlic powder
The project delivery office of the Survival Fund made this known in a tweet on Thursday, February 4, 2021 tagged, “Public Announcement on the Commencement of the Guaranteed Off-take Stimulus Scheme and the MSME Grant.”
“The Steering Committee of the MSMEs Survival Fund and Guaranteed Off-take Stimulas Scheme chaired by the Honorable Minister of State, Federal Ministry of Industry, Trade and Investment, Ambassador Mariam Y. Katagum, wishes to announce the commencement of the Guaranteed Off-take Stimulus Scheme and the MSME Grant portal opening from the 9th February, 2021.”
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The programme aimed at supporting small businesses who have been impacted by the coronavirus pandemic is one of the stimulus packages under the FG’s survival programme.
Aim of Guaranteed Off-take Stimulus Scheme
It is to protect and sustain the income of vulnerable micro and small enterprises from the economic disruption of the COVID-19 pandemic.
The scheme will be implemented through various initiatives aimed at boosting the production capacities of the small businesses as well as provision of grants.
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Key requirements for Guaranteed Offtake Stimulus Scheme
All potential beneficiaries must meet the following criteria:
- Must be Nigerian national
- Must be registered with the Corporate Affairs Commission (CAC) with at least a business Name certificate
- All applicants must have a verifiable BVN
- Bank account number
- Applicant must be ready to produce under NAFDAC and SON Specifications
- Applicant must have at least staff members
How to apply:
Step 1: Head straight to the official portal of survival fund (survivalfund.gov.ng)
Step 2: On the top right-hand side, click on “Start Here”
Step 3: From the four options under survival fund, select “Guaranteed Offtake Stimulus Scheme”
Step 4: Receive an activation code
Step 5: Login to the portal to complete registration
Step 6: Once fully registered on the platform, complete the onboarding process
Step 7: Add your Organisation, Bank and Employees details.
Step 8: Allow Project Delivery Office to verify you
Step 9: Finally, get paid