As part of the initiative, the MSMEs would receive payroll support for three months, and guaranteed off-take scheme among others. You need capacity to work. It means that the government needs to look more carefully at the MSMEs with the right potential. Gborogbosi said: “The MSMEs are critical to the economy and that is why we need to get things with them. Rhodes noted that some of the interventions would not scratch the surface of what is needed to make the small businesses uplift the economy.“Debt alone is also not the answer.

Source: The Guardian August 05, 2020 03:00 UTC