FG Releases Guidelines For N75 Billion MSMEs Scheme

THE registration portal for N75 billion Micro, Small and Medium Enterprises (MSMEs) Survival Fund and Guaranteed Off-take Schemes of the Federal Government will be opened to the public at 10 pm on Monday.

According to a statement issued by the Project Delivery Office in Abuja on Sunday, educational institutions will be the first category of beneficiaries to register.

It said, “Nigerians interested in the Payroll Support scheme are to note that the site for registration will be open from 10 pm Monday, September 21, 2020.

“In order to ensure seamless registration process, the Project Delivery Office (PDO) has designed a registration schedule.

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“Registration for Payroll Support will start with educational institutions on Monday and will be followed with businesses in the hospitality industry on Friday, September 25, beginning from 12 A.M.

“The portal will also be open to other category of small businesses from 12 A.M., on Monday, September 28, 2020.”

It advised those interested in benefiting from the fund to take note of the schedule and also log on to http://www.survivalfund.ng to register for the payroll support initiative which is targeting 35,000 individuals per state.

Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, had said, “The Federal Government is fully committed to empowering Nigerians; more so, in the face of the COVID-19 Pandemic.

“In this regard, the government, through the Economic Sustainability Committee had announced specific programmes aimed at cushioning the impact of COVID-19 on MSME businesses.

“These programmes include among others, the N75 billion MSME Survival Fund and Guaranteed Off-take Schemes of which I have the honour to chair the Steering Committee for the effective implementation of the projects.

“The project, which will run for an initial period of three months, is targeting 1.7million entities and individuals and has provisions for 45 per cent female-owned businesses and five per cent for those with special needs.”