The survival fund initiative of the federal government has officially commenced.
The Federal Government on Monday, September 21, 2020, opened an online portal for interested persons to register for the N75billion survival fund for micro, small and medium enterprises (MSMEs).
According to the News Agency of Nigeria reports that the survival fund is a conditional grant to support vulnerable Micro and Small enterprises in meeting their payroll obligations and safeguard jobs in MSMEs from the shock of the COVID- 19 pandemic.
A statement by the Project Delivery Office reads : “Nigerians interested in the Payroll Support scheme are to note that the site for registration will be open from 10 pm Monday September 21, 2020.
In order to ensure seamless registration process, the Project Delivery Office has designed a registration schedule.
Registration for Payroll Support will start with educational institutions on Monday and will be followed with businesses in the hospitality industry on Friday September 25 beginning from 12 A.M.
The portal will also be open to other category of small businesses from 12 A.M., on Monday September 28, 2020.”
Minister of state, industry, trade and investment Ambassador Mariam Katagum, flagged-off the schemes and said over 1.7 million Nigerians will be positively impacted by the schemes.