The Federal Government on Thursday flagged off two schemes to financially support about 1 . 7 million micro , small and medium enterprises across the country with N75 bn .
At a briefing on the flag – off of the National MSME Survival Fund and the Guaranteed Off – take Stimulus Schemes under the Nigeria Economic Sustainability Plan , the Minister of State for Industry , Trade and Investment , Mariam Katagum , said the schemes would impact positively on businesses.
The Economic Sustainability Plan was approved by the Federal Executive Council on June 24 , 2020 following its initiation by the Economic Sustainability Committee that was established by the President , Major General Muhammadu Buhari (retd .), on March 30 .
The committee, which is chaired by the Vice President , Prof . Yemi Osinbajo, comprises several ministers and the Group Managing Director of the Nigerian National Petroleum Corporation as well as the Governor of the Central Bank of Nigeria.