The Federal Government of Nigeria has said that the Survival Fund payment to qualified beneficiaries has continued for new Batch, and will continue. Also check your COVID19 loan status!
This was disclosed on a Twitter post by the ‘Presidency Nigeria’ official twitter handle @NGRPresident on Thursday, 29th April 2021.
According to the ‘Presidency Nigeria’, a new batch of 146,065 successful beneficiaries from 28 States have started receiving payment of N30,000 per month under the pay roll support track.
The post reads;
Our @SurvivalFund_ng payments to qualified beneficiaries are continuing. A new batch of 146,065 successful beneficiaries from 28 States have started receiving payment of N30,000 each (per month),under the Payroll Support Track. Each beneficiary will be paid for 3 months = N90,000.
See the screenshot of the post below:
The Presidency has also disclosed that the Micro Small and Medium Enterprises (MSMEs) Survival Fund is a component under the Buhari Administration’s Economic Sustainability Plan (ESP), which was designed to support vulnerable MSMEs by meeting their payroll obligations, and to safeguard jobs in the MSMEs sector.
By estimation, the Survival Fund scheme has saved over 1million jobs across Nigeria and impacted over 35,000 individuals per state.
Recall that the Economic Sustainability Plan was approved by President Buhari on June 24, 2020, as a N2.3 trillion stimulus plan to mitigate the socio-economic effects of the COVID19 pandemic on Citizens of Nigeria.
The Plan was developed by the Economic Sustainability Committee chaired by Vice President, Prof Osinbajo, who also led its implementation.
Under the Survival Fund, the General MSME Grants track, a one off grant of N50,000 to each qualified MSME as direct cash injection to 46,117 beneficiaries in the Federal Capital Territory (FCT) and 36 States have now started receiving their payments.
“The Presidency has also added that this total number of beneficiaries makes up 50% of the required disbursement per State, for the General MSME grants track. Another batch that completes the target is forthcoming.” The Presidency added.