FG to Expand Survival Fund to Reach More Beneficiaries

The Government of Nigeria has said it would expand Survival Fund scheme to reach more beneficiaries in Nigeria. Survival Fund is a part of the Economic Sustainability Plan, that was successfully implemented by the Federal Government (FG) of Nigeria. See how to apply for Survival Fund.

An online meeting (virtual) was held between the Vice President of Nigeria, Yemi Osinbajo, and the MSMEs Survival Fund committee that was set-up to carryout the disbursement, and selection of beneficiaries.

The Vice President went on to commend the committee for a job well done, as all beneficiaries on the payroll are being attended to as expected.

As at current, the program has attended to more than five hundred thousand (500,000) persons, among which three hundred and fifty thousand (350,000) beneficiaries on the payroll were paid, one hundred and sixty-six thousand (166,000) were lucky to benefit from the Artisan & Transport program, while two hundred and fifty thousand (250,000) persons will benefit from the free registration of their businesses by Corporate Affairs Commission (CAC).

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It is also in record that before the end of the year 2020, an estimated number of about four hundred thousand (400,000) persons will get paid by the scheme.

This progress achieved so far, has made the Vice President see reasons for an expansion in the program, as he suggest an increase in the number of beneficiaries to over two million persons.

He even cited that, the suggested increment of over two million persons is still negligible, as a larger percentage of the populace needs the support of the Government.

The private sectors who affiliated with the committee were also appreciated, and encouraged by the Vice President.

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Those in attendance were the Vice President of the country, the chairman of First bank PLC who is the chairman of the committee, the Vice chairman of the committee, State minister for industry, and Trade and investment, likewise other floor members of the committee.

Updated: December 30, 2020 — 11:40 am

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