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Makinde Urges MSMEs to Access FG’s Survival Fund

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September 23, 2020
in Business, Top News
Reading Time: 2 mins read
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Post Covid-19 Economy: Makinde Urges MSMEs to Access FG's Survival Fund

Hon. Segun Ogunwuyi

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Gbenro Adesina

Oyo State Governor, Engr. Seyi Makinde has called on Micro, Small and Medium Enterprise in the state to access the Federal Government Survival Fund in good time.

The Director General Oyo State Investment and Public Private Partnership Agency (OYSIPA) and the focal person for the implementation of the programme in Oyo State, Hon. Segun Ogunwuyi stated this yesterday.

Makinde had launched a 1BN Oyo State MSME fund in June through the Oyo State Investment and Public Private Partnership Agency (OYSIPA) as a post- covid-19 recovery effort for Small businesses in the state.

The OYSIPA boss said the state governor was encouraging the FG’s survival fund because according to him, MSMEs survival fund is a cluster of grants intended to support vulnerable, micro and small enterprises in meeting their payroll obligations and to safeguard jobs within the MSME space from the shock of the Covid-19 pandemic.

Ogunwuyi further hinted that the programme was to save over 1,700,000 jobs nationwide and special focus would be given to 45 per cent female owned and 5 per cent special needs owned MSMEs.

Across different spheres of interventions, the programme was designed to impact over 39,000 MSMEs in the state, ranging from payroll support, one-off general MSME grants, business formalisation, support for free CAC registration for new MSMEs and self-employed individuals like bus drivers, taxi drivers, ride share drivers and artisans.

He implored interested individuals from Oyo State to visit www.survivalfundapplication.com in order to fill out the documents online and fulfil the necessary requirements.

More information on the programme can be obtained from www.oysipa.oy.gov.ng or via email to [email protected].

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Tags: Governor Seyi MakindeHon Segun OgunwuyiMSMEOyo State Investment and Public Private Partnership AgencyOYSIPA
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