SURVIVAL FUND: 4th Payment. Application Still Open In All South East And North East States.
Excitement as many Nigerian SMEs employees received the fourth 30,000 Naira survival fund support from the Federal Government of Nigeria. Hundreds of Nigerian business owners and their employees went on their social media platforms to applaud the government for its proactive support to help their businesses during this time.
While many have received their fourth payment some are yet to receive their first payment, there is no need to panic as every verified company will be paid, the payment is done in batches, while registration is closed in many states it is very much in some states across the country.
LIST OF STATES THAT ARE STILL RECEIVING APPLICATION
- All south East States
- All North East States
- Sokoto, Jigawa, Kebbi, Nasarawa, Niger, Kwara and Kogi
- The updates from South South and South West is yet to be reviewed
NOTE: Only those who stated their applications but yet to complete are given the opportunity to complete their application.
In case you’re any state like Kaduna, Kano, Zamfara, Abuja and others whose application is closed and you are yet to get paid no need to panic, once you’re verified expect your payment anything soon.
The objective of the FG MSME CRM & MIS Platform is to help with the digital registration, onboarding and monitoring of Micro, Small and Medium Enterprises for the Federal Government Survival Fund Program. The program includes Payroll Support, Guaranteed Offtake and MSME Grant. The CRM & MIS Platform will also enable the inventory management of the Guaranteed Offtake Scheme.
This program is part of the Economic Sustainability Plan, which aims to support and protect these businesses from the potential vulnerabilities brought about by the COVID-19 pandemic.
Nigeria has a large informal sector which contributes about 65 percent of its economic output and a large proportion of the population is clustered around the poverty line thus making them highly vulnerable to falling into poverty due to shocks. The MSME Revolving Guaranteed Off-take Scheme is one of the Federal Government’s economic support measures to assist micro and small businesses affected by the pandemic.
The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic. The scheme will provide Payroll Support to a maximum of 10 employees per qualifying MSME.