The Federal Government of Nigeria has disclosed that the registration portal for the MSME Survival Fund will open at 10pm, Monday, September 21, 2020.
According to a statement issued on Sunday by the Project Delivery Office, the portal which opens at 10 PM, will have educational institutions as the first category of beneficiaries to register.
“In order to ensure seamless registration process, the Project Delivery Office (PDO) 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,” the statement said.
Features
– Payroll Support: Support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30,000 to N50,000 per employee over 3 months
– Formalisation Support: provide free CAC Business Name registration for 250,000 new businesses
– General Grant: Support the survival of 100,000 businesses most affected by the COVID-19 pandemic with N50,000 each
– Artisan/Transport Support: provide 333,000 artisans and transport business operators with a N30,000 operations grant to reduce the effects of income loss
– Guaranteed Offtake Scheme: Bulk purchase of products from 100,000 MSMEs to protect jobs and livelihood
MSME Survival Fund
The MSME Survival Fund 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 estimated to save not less than 1.3million jobs across the country and specifically impact on over 35,000 individuals per state.
Duration: The scheme will be implemented over an initial period of three months in order to provide immediate relief from the economic impact of the pandemic.
Target Beneficiaries: The scheme targets two categories of beneficiaries namely; employees of MSMEs and Self-employed individuals, both schemes have made provision for a 45% female business participation and special needs participation of 5%.
Requirements
A. Employees’ company must be registered in Nigeria under the Corporate Affairs Commission, CAC
B. Must have BVN by company CEO
C. Must have a staff strength of no less than 3 persons
D. Must be owned by a Nigerian
Self-employed Individuals in the following categories
A. Service providers in the transportation sector, le. Bus drivers, Taxi drivers, Ride share drivers. (Uber, Bolt Taxify etc) and Mechanics
B. Artisans, Electricians Plumbers etc.
Guranteed Offtake Stimulus Scheme
This scheme will protect and sustain the income of vulnerable Micro and Small Enterprises from the economic disruptions of the COVID-19 pandemic through the implementation of various initiatives aimed at boosting the production capacities of the small businesses as well as provision of grants.
The main objective of this particular scheme is to boost production capabilities of small businesses with the view to ensuring that they remain in business
Duration: The duration of implementation will be same as the payroll support
Target Beneficiaries: Micro and Small businesses registered in Nigeria.
Visit www.survivalfund.ng to register.
I will happy if am given a priveledge to enjoy this offer.
Pls how can I enrol for this opportunity?
Please sir,i want to draw your attention to the issue of the private school teachers that were not receiving salary since the pandemic period,is the government have any plan to relief them in term of palliatives?
Survival
Comment:I hope there is no any salfish interest this time.
I’m please to let me know what is the reality of this survival fund?
I appreciate the federal government for the efforts being made
Please
How about the registration process
Good to hear. May it get to me
My wife is a teacher in private school since March tell date no salary and my own salary is very poor we can’t survive with it only what will she do
That good for federal government and good for youth
The website is not opening
This is a welcome development but for now the site is not opening and not accessible. It always come up with a message ‘forbidden’ Please, what do I need to do to make it accessible?
So, if you don’t have cac corporat affair commission you won’t apply pls reply me
The website is not working
I appreciate the federal government for the efforts being made
May
Allah bless our government for it’s effort
This is a wonderful idea by the Federal Government. Everyone should apply for the survival fund grant. It’s our share of the national cake o.
Good to hear this, but please, the registration portal is yet to be opened. Kindly make it accessible as soon as possible. Thanks
Good bless our government
This is a very good initiative,to support and bailout Nigerians out of joblessness and put smile on their faces. God bless Nigeria and the present adminstration.
I registered, but still the portal misbehaing repeatedly saying login, when I logged then it continue showing bad result, why pls?
The site is not accessible
May help us we need ur help
Good
May Allah bless our government for its effectiveness
How to Apple this portal survival fund Fg
Comment:I thank the federal government for the development given to us
I wish I enjoy this opportunity, God bless our government
Will be so happy for this opportunity.
Thanks to FG
Survival
May Allah bless those who brought the idea and hope that selfish may not takeover the good intentions of the government
Kayangini