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How To Apply For Guaranteed Offtake Stimulus Scheme As Application Link Goes Live February 9

Last Updated on February 12, 2021 by Ope Quadri

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

  1. Facemask
  2. Liquid soap
  3. Disinfectant
  4. Hand sanitiser
  5. Beans
  6. Garri
  7. Acha
  8. Alkama (wheat)
  9. Brabusco
  10. Parboiled rice
  11. Rice (raw)
  12. Yam flour
  13. Plantain flour
  14. Soya bean flour
  15. Garin Danwake
  16. Cassava flour
  17. Palm oil
  18. Ground oil
  19. Coconut oil
  20. Honey
  21. Soyabean oil
  22. Dry locust beans
  23. Curry powder
  24. Tumeric powder
  25. Ginger powder
  26. 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.”

READ ALSO: Survival Fund Beneficiaries Shared Testimonies

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.

READ ALSO: CBN Funding: What To Do If Your Loan Application Was Not Successful

Key requirements for Guaranteed Offtake Stimulus Scheme

All potential beneficiaries must meet the following criteria:

  1. Must be Nigerian national
  2. Must be registered with the Corporate Affairs Commission (CAC) with at least a business Name certificate
  3. All applicants must have a verifiable BVN
  4. Bank account number
  5. Applicant must be ready to produce under NAFDAC and SON Specifications
  6. 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

 

 

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