President Muhammadu Buhari has announced that 101,567 beneficiaries drawn from 16,253 businesses today received their first monthly payment from the Payroll Support Program under the Survival Fund Initiative which was launched by the Federal Government of Nigeria for MSMEs in September 21, 2020.
I am pleased to announce that 101,567 beneficiaries drawn from 16,253 businesses today received their first monthly payment from our Payroll Support Program. The program is a @SurvivalFund_ng Covid-relief initiative to support qualifying MSMEs with staff salaries for 3 months.— Muhammadu Buhari (@MBuhari) November 18, 2020
The Covid-relief initiative is meant to support 500,000 vulnerable qualifying MSMEs with staff salaries between N30,000 to N50,000 per employee for 3 months.
Meanwhile the Artisans, under the Survival Fund Initiative have also started receiving their funds.
[…] so many persons have started benefiting from the Survival Fund Payroll Support Scheme for MSMEs, the Federal Government has decided to extend the closing date for those who are yet to complete […]