Federal Government survival fund
The Federal Government of Nigeria has introduced Survival Fund to support MSME and citizen that was affected by the COVID-19 epidemic to stimulate the national economic growth and save jobs to encourage citizens.
The Buhari government introduced four-way to help Nigerians
1. Formalisation Support
The Federal Government plans to register 250,000 New Business Names with CAC. The registration will be free of charge. If you have a business plan, you can make that vision a reality by applying. It's free.
2. MSME Grant
The Micro, Small, and Medium Enterprises grant is the Credit Support to MSMEs and Priority Sector that will provide affordable finance to key sectors affected by the epidemic and stimulate an increase in manufacturing capacity in priority sectors.
3. Guaranteed Offtake
The Micro, Small, and Medium Enterprises (MSME) Guaranteed Offtake Scheme is a Federal Government's economic support measures to sustain businesses affected by the COVID-19.
4. MSME Payroll Support Scheme
The Federal Government concluded MSME Payroll Support some weeks back. The MSME Payroll Support Scheme is a survival fund that will generate payroll support to save jobs and sustain local production.
For information on the Federal Government Survival funds visit https://www.survivalfund.gov.ng/