The Federal Government has issued a set of palliatives to help Micro Small and Medium Enterprises (MSMEs) wade through the current economic fallouts of the COVID-19 pandemic.
According to Vice President Yemi Osinbajo, these palliatives reflect the Buhari administration’s determination to support MSMEs and the priority the Federal Government places on small businesses.
The palliatives include E-Registration of MSMEs/products at 80 per cent discounted rate over a period of six months, zero tariffs for the first 200 micro and small businesses to register on the E-platform and waiver on administrative charges for overdue late renewal of expired licenses of micro/small businesses products for a period of 90 days.
According to the him, as businesses across the world confront the disruptions caused by the Coronavirus pandemic, the Federal Government will continue to adopt and implement practical measures to ensure that the projected growth in the Micro, Small and Medium Enterprises (MSMEs) sector is not seriously affected by the development.
He gave the assurance in Abuja at the virtual launch of palliatives for MSMEs by the National Agency for Food and Drug Administration and Control (NAFDAC).
