Happy usiness lady ready for MSME survival fund

How To Benefit From COVID 19 Survival Fund for MSME’s in Nigeria

Good news for Nigerians. MSME survival fund application programme was reopened. The Federal Government has given an order for the re-opening of the MSME Survival Fund Payroll Support Portal to allow further registration of businesses in 30 states of the federation. This Covid 19 survival fund programme for MSME’s in Nigeria is designed to help about 500,000 vulnerable MSMEs pay the salaries of their dedicated staff between N30,000 and N50,000 per employee over a three-month period.

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The Honourable Minister of State, Ministry of Industry, Trade and Investment, in Nigeria, Ambassador Maryam Katagum, through the Office of Project Delivery Officer (PDO) informed the public that the opening of the MSME portal will be open from January 27, 2021 to February 2, 2021.

The MSME Program Support Program which was kicked off on September 21, 2020 to support vulnerable MSME’s, to pay the salaries of more than 500,000 employees over a 3-month period.

The following states of the country are to benefit: Abia, Adamawa, Akwa Ibom, Anambra, Bayelsa, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe. Jigawa, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Sokoto, Taraba, Yobe, Zamfara.

The following states; Benue, Plateau, Bauchi, Kano, Kaduna, Rivers and FCT have met their quota, and businesses in these states are not included in the reopening of Covid 19 survival fund at this time.

Requirements to participate in the Survival Fund Payroll Support programme includes:

• Businesses must have CAC registration.

• Businesses must have a minimum of 10 and a maximum of 50 staff.

• Business must be owned by Nigerians.

• Must have verifiable BVN.

• The Scheme provides for 45% female participation and 5% Special Needs participation.

The registration for this program is free, do not fall into the hands of fraudsters. Please visit https://www.survivalfund.gov.ng to begin the registration process.

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