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Home Financial Literacy Small Business

Survival Fund: FG assures Nigerians that beneficiaries will be evenly distributed across states

Omokolade Ajayi by Omokolade Ajayi
November 8, 2020
in Small Business
Solar, FG to slash import duties on tractors, buses, others in 2020 Finance Bill, Nigeria will not issue Eurobonds, says Vice President Yemi Osinbajo, FG guarantees mortgage loan to low income buyers at low interest rate, FG inaugurates gold refinery project in a landmark event

Nigeria’s Vice President, Professor Yemi Osinbajo

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Mr. Laolu Akande, the Senior Special Assistant for Media and Publicity to the Vice President, Prof. Yemi Osinbajo, has disclosed that the Survival Fund beneficiaries will be evenly distributed across the states of the country.

This disclosure was made today by Laolu Akande, in a tweet via his official Twitter handle.

Assurance:
SURVIVAL FUND BENEFICIARIES WILL BE EVENLY DISTRIBUTED ACROSS STATES
*Lagos, Kano & Abia get marginal increase
*13, 000 beneficiaries for 3 months Payroll Support per state
*2,640 for N50, 000 MSME Grant per state
*6,606 for free CAC company registration per state…

— Laolu Akande (@akandeoj) November 8, 2020

According to his statement, Mr. Akande said the beneficiaries of the Survival Fund will be evenly distributed across states in the country, while Lagos, Kano, and Abia States will get a marginal increase in beneficiaries allotted to them.

Highlights

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  • 13,000 beneficiaries have been enrolled for Payroll Support per state in three months
  • 2,640 beneficiaries have been enrolled for N50,000 MSME Grant per state.
  • 6,606 businesses per state will benefit from the free CAC company registration per state.
  • 9,009 beneficiaries per state will get N30,000 Artisan & Transport Grant.
  • 2,640 individuals are billed for Guaranteed Off-take Scheme per state.

He concluded that the Economic Sustainability Plan (ESP) is in progress, and Nigerians should look out for more information from the Buhari administration and urged them to take advantage now.

What you should know

Nairametrics reported 2 weeks ago that the Federal Government has commenced the disbursement of N30,000 one-time grant to 330,000 artisans across the country.

The grant under the MSME Survival Fund, is part of the Nigerian Economic Sustainability Plan initiated by the FG on the 1st of July, 2020 to assist citizens and businesses operating in Nigeria.


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Tags: Economic Sustainability Plan (ESP)Laolu AkandeMSME Survival Fund
Omokolade Ajayi

Omokolade Ajayi

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor.

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Comments 6

  1. Aishatu Abubakar says:
    November 10, 2020 at 7:39 pm

    Kindly pls when are we going to start receiving our grants we the payroll support from hospitality section of the survival fund scheme

    Reply
  2. Anonymous says:
    November 13, 2020 at 10:21 am

    Please is the free CAC registration just a registering alone or will it come along with grant. Pls I’ll appreciate it if am given a genuine reply

    Reply
  3. Paul Sunday says:
    November 13, 2020 at 10:25 am

    Please is the free CAC registration just a registering alone or will it come along with grant. Pls I’ll appreciate it if am given a genuine reply.

    Reply
  4. Ahmad Umar Gurza says:
    November 19, 2020 at 6:14 am

    Alhamdulillah. Myself and other teachers in the school where I work here in Kaduna received the 30,000 Naira from the survival scheme.
    Unfortunately it has turned something different because of the school interest on the fund.
    Nigeria Oni baje.

    Reply
  5. Grace O. says:
    November 25, 2020 at 8:51 am

    Thank God, I woke up this morning with FG alert for me and my 3 staff also received their own alert, thanks to Federal Government. May God Bless you all

    Reply
    • John says:
      October 3, 2021 at 6:46 pm

      Please can you give me the link?

      Reply

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