FG MSMEs Survival Fund Reopened In 30 States

The Micro, Small and Medium Enterprises (MSMEs) survival fund has reopened in 30 States across Nigeria.

Honourable Minister of State, Federal Ministry of Industry, Trade and Investment, Mariam Katagum, disclosed that the Micro Small and Medium Enterprises (MSMEs) Survival Fund payroll support portal would be reopened for the remaining 30 States that have not met their quota.

Mariam also said that Benue, Plateau, Bauchi, Kaduna, Kano, Rivers, and the Federal Capital Territory (FCT) are not eligible to take part in the reopening exercise, as they had already met their quota.

Nyscinfo.com learnt that the portal would be re-opened from January 27th to February 2nd, 2021, and the payroll support portal would cover education, hospitality and general sector.

The public is reminded of the following qualification requirements: businesses must have CAC registration; businesses must have a minimum of 10 and a maximum of 50 staff; business must be owned by Nigerians; must have verifiable BVN.

The Scheme provides for 45 per cent female participation and 5 per cent Special Needs participation. The payroll Support Track of the MSME Survival Fund Scheme is a component under the Nigeria Economic Sustainability Plan, which was flagged off on the 21st of September 2020, is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees for a period of 3 Months. Kindly note that registration for this scheme is FREE. Beware of Fraudsters.

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