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Nairametrics
Home Business News Business

How to access FG’s new grant for Bus, Uber, Bolt drivers, cart pushers

Abiola Odutola by Abiola Odutola
December 7, 2020
in Business
Grant, interstate, NURTW and Universal Insurance, NURTW insurance partnership, Commercial buses in Nigeria

Ojota Bus Park

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The Federal Government has disclosed the requirements that potential beneficiaries of its Transport track are expected to meet to access the N30,000 grant.

This was disclosed by Vice President Yemi Osinbajo via his blog on Sunday.

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According to the VP, the scheme is meant for operators in the transport business like ride share drivers (Uber, Bolt, etc.), taxi drivers, bus drivers, Keke Napep riders, Okada riders, and cart pushers, among others.

READ: Plentywaka raises $300,000, seeks partners as it launches operations in Abuja

How to access the grant

  • Nigerians are encouraged to apply through their registered Associations to be enumerated, such as the Nigerian Union of Road Transport Workers (NURTW), Keke Riders’ Association, Okada Riders’ Associations and Unions, etc.
  • All schemes are applied to beneficiaries on a first-come-first-served basis.
  • State focal persons, project field officers, enumerators and others will work alongside the MSMEs Survival Fund Project Delivery Office to properly identify and ensure that members of the respective associations are paid.

READ: Lagos to reform bus segment, to phase out one-bus ownership

READ: FG rolls out N2.3 trillion survival funds for MSMEs; see criteria 

  • There is also provision for individuals who are members of associations, but will rather apply directly with the enumerators.
  • Individual applicants in the transport cluster must show their proof of membership of an association to be enumerated.
  • The scheme is absolutely free, and the grant will be paid directly to the beneficiary’s account. Nigerians are encouraged to speak up if anyone tries to charge a fee or subvert this arrangement.

READ: Lagos approves 33% increase for all state pensioners

READ: Nigeria lost $750 million to crude oil theft in 2019 – NNPC 

What you should know

  • Nairametrics reported on Sunday that the FG had extended the survival fund to operators in the transport segment of the Nigerian economy.
  • The scheme is under the FG’s MSME Survival Fund, which is part of the Nigerian Economic Sustainability Plan, NESP.
  • NESP is designed to support vulnerable Micro Small and Medium Enterprises (MSMEs) in meeting their payroll obligations and safeguard jobs in the MSMEs sector. The scheme is estimated to save not less than 1.3 million jobs across the country and specifically impact on over 35,000 individuals per State.

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READ: Lagos regulations on ride-hailing companies, fair or outrageous


Follow us for Breaking News and Market Intelligence.
Tags: FeaturedFG's N30000 grantMSME Survival FundNigeria NewsTransport track
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

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Comments 2

  1. Owolabi Benjamin adebare says:
    December 8, 2020 at 8:40 pm

    How to apply for they tact loan am in to bolt but I need a car..

    Reply
  2. Nicholas Eteh says:
    January 1, 2021 at 8:35 pm

    Good day sir,up till now I have not received the payroll alart, not even 1 why some have collected their second payment why is it like that abi fraud done enter

    Reply

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