Wow! MSMEs can now apply for funding as FG opens 75 billion survival fund portal.

The Federal Government of Nigeria has announced that micro, small and medium enterprises (MSMEs) can now apply for funding as the online portal for the 75 billion naira survival find is now open.

The survival find is a merit grant aimed at supporting vulnerable Micro and Small Enterprises that are still suffering from the shock of the coronavirus pandemic in the country.

This was disclosed on Monday, September 21 by the  Project Delivery Office via a statement.

 “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 has designed a registration schedule.

“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.” The statement read.

It was also revealed by the Minister of state, industry, trade and investment, Ambassador Mariam Katagum, that over 1.7 million Nigerians would benefit from the scheme.  

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