Big fight about small business

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Minister of Small Business Development and the DA shadow minister are at loggerheads regarding the actual amount of money spent to support small businesses during the pandemic.

The Minister of Small Business Development and the DA shadow minister for small business development are at loggerheads after the DA started asking question about small business debt relief.

“Of the 14,451 fully completed applications, Sefa approved 1,497 to the value of R513 million. This means that the funds were fully allocated to 10% of fully completed applications. To date, R316 million of the R513 million has been paid out, which represents close to 62% of the relief scheme.”The money was released in tranches to approved SMMEs to ensure that they were able to provide proof that the money was used for interventions applied for.

Ntshavheni said she had hoped that “all political parties will commit to the partnership for economic recovery instead of some peddling fake news”.In response, the DA called on the minister to provide not only the DA, but the entire country, with a detailed and up-to-date report that lays out exactly how relief funds allocated to SMMEs were spent, as well as “withheld from those both in dire need and deserving of those monies”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Small businesses are feeling the strain during this pandemic how so has Government intervened, it really awful to have noticed more talk about is corrupted Leadership,

Now I believe what people are saying about chris_grey2 is true, Mr Chris you are indeed a man of your words, you have changed life’s including mine. Thanks chris_grey2 for your kindness I now have alot to pay off my debt I'll not stop trading with your company platform

Opposition parties has the responsibility to take them to task ☝️

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines