Survival Fund (Payroll Support): FG Paying 500,000 MSMEs N50000 Each

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Survival Fund (Payroll Support): FG Paying 500,000 MSMEs N50000 Each: The Federal Government is currently disbursing funds for the Payroll Support component of the Survival Fund MSMEs programme

Payroll Support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30, 000 to N50, 000 per employee over 3 months

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Payroll Supports Scheme has over 300,000 beneficiaries, more are declared ‘Open’ for more beneficiaries in the list beblow

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States and Number of Beneficiaries So Far

North West Geopolitical Zone.

Zamfara at 13,000 Beneficiaries

Sokoto at 7,000 Beneficiaries

Jigawa at 8,190 Beneficiaries

Kano State 17,000 beneficiaries

Kaduna at 13,000 Beneficiaries

Katsina at 13,000 Beneficiaries,

Kebbi at 4,459 Beneficiaries are declared ‘Open’ for more beneficiaries in North West Geopolitical Zone.

North East Geopolitical Zone.

Gombe at 9,783 Beneficiaries,

Adamawa at 6,506 Beneficiaries,

Borno at 5,643 Beneficiaries

Bauchi State13,000 Beneficiaries

Taraba at 8,425 Beneficiaries,

Yobe State at 5,973 Beneficiaries are declared open for more beneficiaries in the North East Geopolitical Zone.

North Central Geopolitical Zone.

Abuja closed with 13,014 Beneficiaries

Benue at 13,014 Beneficiaries

Koggi at 4,966 Beneficiaries

Plateau at 13,003

Nassarawa at 12,564 Beneficiaries

Niger at 12,095 Beneficiaries

Kwara at 5,013 Beneficiaries are declared ‘Open’ for more beneficiaries in the North Central Geopolitical Zone.

The official application portal is https://www.survivalfund.gov.ng/

Survival Fund (Free Business Grant): FG Begins Crediting 100,000 Persons with N50, 000 Each

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The Federal Government has started crediting 100,000 Businesses/Persons with N50, 000 each-Free Grant in the Survival Fund Scheme

100,000 Businesses/Persons will get N50, 000 each as free grant to caution the effect of the covid-19 pandemic on businesses of SMEMS in the country

Survival Fund: FG is Crediting 500,000 MSMEs with N30, 000 Each

The Federal Government has started crediting 500,000 MSMEs with N50, 000 each-Free Grant in the Survival Fund Scheme for the period of three months

100,000 Businesses/Persons will get N50, 000 each as free grant to caution the effect of the covid-19 pandemic on businesses of SMEMS in the country

Facts about the National Survival Fund

  • The scheme is estimated to save not less than 1.3million jobs across the country
  • Over 35,000 individuals per state
  • 100,000 Businesses/Persons will get N50,000 each-Free Grant
  • 333,000 artisans and transport business operators will get N30, 000 each-Free Grant
  • 100,000 MSMEs to protect jobs and livelihood
  • 500,000 vulnerable MSMEs will get N30,000 to N50,000 per employee over 3 months
  • 250,000 new businesses to get free CAC Business Name registration

What are you waiting for?  Click here to start registration now

Duration:

The scheme will be implemented over an initial period of three months in order to provide immediate relief from the economic impact of the pandemic.

Target Beneficiaries:

The scheme targets two categories of beneficiaries namely;

Employees of MSMEs

Self-employed individuals, both schemes have made provision for a 45% female business participation and special needs participation of 5%.

General Features

General Grant: Support the survival of 100,000 businesses most affected by the COVID-19 pandemic with N50,000 each

Payroll Support: Support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30,000 to N50,000 per employee over 3 months

Formalisation Support: provide free CAC Business Name registration for 250,000 new businesses

Artisan/Transport Support: provide 333,000 artisans and transport business operators with a N30, 000 operations grant to reduce the effects of income loss

Guaranteed Off take Scheme: Bulk purchase of products from 100,000 MSMEs to protect jobs and livelihood

Requirements

Must have a staff strength of no less than 3 persons

Must be owned by a Nigeria

Employees’ company must be registered in Nigeria under the Corporate Affairs Commission, CAC

Must have BVN by company CEO

Self-employed Individuals in the following categories

  1. Artisans, Electricians Plumbers
  2. Service providers in the transportation sector-Bus drivers, Taxi drivers, Ride share drivers. (Uber, Bolt Taxify etc) and Mechanics

How To Register For Survival Fund

Click here to start registration www.survivalfund.ng

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