The Federal Government has announced that the MSME Survival Fund Payroll Support Portal will be exceptionally reopened for 30 states that have been unable to meet their quota.
The government in its announcement said that the scheme, which is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees for a period of 3 months, will be opened from January 27 to February 2, 2021.
This disclosure was contained in a statement that was issued by the project delivery office of the scheme on Wednesday, January 27, 2021.
According to the statement, the Steering Committee of the MSMS Survival Fund and the Guaranteed Offtake Scheme which is chaired by the Minister of State, Federal Ministry of Industry, Trade and Investment, Mariam Katagum, noted that Benue, Plateau, Bauchi, Kano, Kaduna and Rivers States, in addition to the Federal Capital Territory, have all met their quota and as such are not eligible to participate in the reopening exercise.
The statement from the Project Delivery Office of the scheme partly reads, ‘’The Steering Committee of the MSME Survival Fund and the Guaranteed Offtake Scheme Chaired by the Hon. Minister of State, Federal Ministry of Industry, Trade and Investment, Ambassador Mariam Katagum wishes to inform the public that the MSME Survival Fund Payroll Support Portal will be exceptionally reopened for states that have not met their quota.
‘’The portal will be opened from 27th January to 2nd February 2021.’’
‘’To date, the following states have met their quota and are consequently NOT ELIGIBLE to participate in the reopening exercise. The states are; Benue, Plateau, Bauchi, Kano, Kaduna and Rivers and the FCT.’’
In the statement, the Federal Government reminded the public of the following qualification requirements for participation;
- Businesses must have CAC registration
- Businesses must have a minimum of 10 and 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.
While noting that registration for the scheme is free, the government advised the public to beware of fraudsters and should visit www.survivalfund.gov.ng for further details.
What you should know
- The N60 billion MSME Survival Fund and the N15 billion Guaranteed Offtake Scheme, which is the core of the N2.3 trillion stimulus package of the Nigerian Economic Sustainability Plan, was flagged off on September 21, 2021.
- The 2 MSMEs initiatives were introduced by the Federal Government as part of its efforts to support businesses overcome challenges posed by the Covid-19 pandemic.
- The MSMEs Survival Fund scheme is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard jobs in the MSMEs sector.
- The scheme is expected to save at least 1.3 million jobs across the country and specifically impact on over 35,000 individuals per state.
https://twitter.com/SurvivalFund_ng/status/1354383975393996803
yes
Mr chike please to be frank I was not, and not even aware of it, now how can I participate sir,am in warri Adaka Gabriel is my name I done so many called Grant as many we opened an account with polari bank at the end the woman in question sat on the (embessle all the money) give to some of her closets persons those who are not close enough to her could not get any. Me that is written to you am a poultry and fishrie farmer but never get any of these support from the federal government (FG) sir what is your advice for me , how can you assist me to meet up with the (FG) programming thanks you sir.
What should because it refused to verify my business account all it says is unverified. Please help me out.
LEAVE A REALY
I suggest the federal governme t should use this privelage instead wasting fund to employ atlist 10% unemployed graduate in nigeria including me to eliminate all poverty we have been yearly suffering since 2011.accounting HND
Good evening, my employees details have already been captured but yet to verify.How do I go about it please?
Please,
Why is there still delay in the payment of the payroll to verified applicants of February 2021?
Five months gone yet many verified applicants are yet to receive alert till date.
Paid only once
Why is there sill delay in the payments of payroll verified applicants of January / February 2021 one year and five month are not pay .please pay the verified applicants