Registration for the Payroll Support Scheme for the MSME Survival Fund commences at 10pm today the 21st of September 2020 at www.survivalfund.ng
333,000 artisans and transport business operators will receive a N30,000 operations grant to reduce the effects of income loss caused by the COVID-19 pandemic.
500,000 vulnerable MSMEs will be supported in meeting their payroll obligations of between N30,000 to N50,000 per employee to safeguard the jobs of a maximum of 10 employees over a 3-month period.
The Formalization Support will help MSMEs by providing free CAC business name registration for 250,000 businesses across Nigeria.
The 75 billion Naira FG MSME Survival Fund – comprising a PAYROLL SUPPORT Scheme and a GUARANTEED OFFTAKE Scheme is designed to aid Nigerian MSMEs in surviving the shock of COVID-19 and its adverse effect on the economy.
The Fund is a key component of President Buhari’s 2.3 Trillion Naira Nigeria Economic Sustainability Plan (NESP).
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Thank you. – MUN.