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Home Business News Business

Osinbajo reveals that 300,000 Nigerians have already benefited from FG’s Survival Fund

Omokolade Ajayi by Omokolade Ajayi
December 24, 2020
in Business, Spotlight
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
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Vice-President Prof. Yemi Osinbajo has disclosed that over 300,000 Nigerians have already benefited from the Payroll Support Program for MSMEs and Artisan Grant variants of the Survival Fund.

He made this disclosure in his statement while speaking at the Survival Fund Steering Committee meeting, organized to track and also review the progress being made under the program since the Federal Government commenced payments.

Vice President @ProfOsinbajo joined The @SurvivalFund_ng Steering Committee meeting on Tuesday Dec 22, 2020, to review the progress being made. More than 300,000 Nigerians have already benefited from the Payroll Support and Artisan Grant components of the Fund. #IGotSurvivalFund pic.twitter.com/JzPD6cqz0J

— Presidency Nigeria (@NGRPresident) December 24, 2020

RelatedPosts

FG disburses over N66 billion to 1.258 million Nigerians under MSMEs Survival Fund

Survival Fund: FG says it has disbursed N56.8 billion to over 1 million persons and businesses

He revealed that this is necessary as the Survival Fund was established to support and protect small businesses from potential vulnerabilities brought about by the COVID-19 pandemic.

Osinbajo revealed that Payments for the Federal Government’s Survival funds are ongoing, and assured that verified applicants of the program who have not been paid would surely be paid in due time.

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Why this matters

The survival fund program is expected to put the income of vulnerable artisans, micro and small enterprises and their employees on a path of growth and resilience in a bid to ward off the economic disruptions of the Covid-19 pandemic.

The Payroll support programme will also help to cushion the loss of jobs and sustain means of livelihoods of individuals and employees, as the programme seeks to cover the inability of MSMEs to pay workers salary, owing to the massive disruptions from the COVID-19 pandemic.

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What you should know

  • On December 8th 2020, the Federal Government of Nigeria revealed that it paid 59,000 artisan beneficiaries across 24 states in Nigeria under the Federal Government Survival Fund.
  • In a subsequent report on December 11th 2020, Nairametrics revealed that 238,868 individual beneficiaries, employed by 41,726 MSMEs across the country have so far benefited from the Payroll Support Program of the Federal Government.

Related

Tags: Survival Fund

Comments 15

  1. Shehu Sadiq says:
    December 24, 2020 at 3:41 pm

    2020/12/24 12:42am I shehu Sadiq I received message from survival fund as dear Sadiq congrats on your first payroll support! We’ve started second payment but need to confirm your first payment urgently. PIs reply CONFIRMED.olso copy and Post the following message on your Twitter or Facebook (theID No.identifies you alone.my question how to replying word confirmem as requested

    Reply
    • Terhemen Samuel says:
      January 2, 2021 at 5:59 pm

      I also register for survival fund and my bank account is written incorrect my Bvn is written no check all my beneficiaries are only captured and all my information are correct

      Reply
  2. Stephen Uche Nwankwo says:
    December 24, 2020 at 9:24 pm

    Does it mean that all the applicant will be payed?

    Reply
  3. Itoro says:
    December 27, 2020 at 7:46 am

    I got my first payment last month but yet to receive for this month

    Reply
    • Anonymous says:
      December 27, 2020 at 6:01 pm

      Only God knows what matters

      Reply
  4. Annor JighJigh says:
    December 27, 2020 at 8:08 pm

    I got my first payment on thesame date with other members of staff and am yet to receive the second alert when they got all,

    Reply
  5. Anonymous says:
    December 28, 2020 at 10:30 am

    Pls I want to confirm if is only when you shared it to group or persons one can be paid? I have done the necessary things I was asked to do still I have not yet receive mine.

    Reply
  6. HANAFI AHMAD says:
    December 28, 2020 at 10:50 am

    Pls helpt me but not recieving any messege from cov9 what happon about pls a im flling the form sin but now u dont aporove me

    Every i cheking doest not exix

    Reply
  7. Anonymous says:
    January 2, 2021 at 5:49 pm

    I also register for survival fund and my bank account is written incorrect my Bvn is written no check all my beneficiaries are captured while all my information are correct

    Reply
  8. Sadiq Aliyu says:
    January 8, 2021 at 5:31 pm

    Thanks to the federal government for paying seven out of ten staffs in my company S. B. A. Metal works Funtua for two successive months each, even the ones left out are the ones with Jaiz bank account

    Reply
    • Iwuoha UGOCHI E. says:
      February 20, 2021 at 10:10 am

      My boss company was registered and all the staff working with him and we were called on December 11th for verification uptill now today in particular we have not heard not received anything

      Reply
  9. Itoro Etok says:
    January 8, 2021 at 5:48 pm

    I and my employees have not been paid after the calls and interview.We are still suffering in silence.I don’t even understand this.

    Reply
  10. Ibn Salahudeen says:
    January 9, 2021 at 10:28 am

    Pls, is it only the employees that are paid?

    What about the business owner?

    All my accounts and employees are already verified, but yet to receive any payments.

    Reply
  11. MUSA ALHAJI UMAR says:
    January 18, 2021 at 11:55 pm

    MUSA ALHAJI UMAR

    Reply
  12. MUSA ALHAJI UMAR says:
    January 19, 2021 at 12:02 am

    MUSA ALHAJI UMAR Ido my registration correct,my account and BVN is correct.but Ido not get my payment ,

    Reply

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