Survival fund payroll support payments, MSME grants to commence this week



319,755 beneficiaries of Payroll Support scheme

265,425 beneficiaries under the Artisan and Transport Support tracks

172,129 business names registered free by CAC

In furtherance of the Buhari administration’s support for small businesses during the COVID-19 pandemic under its Economic Sustainability Plan (ESP), payment would be made to the next batch of beneficiaries of the ESP Survival Fund’s Payroll support track and the one-off General MSME Grant of N50,000 as from this week.

This is expected to increase the number of beneficiaries under the Payroll Support track, which has so far benefitted a total of 319,755 Nigerians, while 265,425 Nigerians are beneficiaries under the Artisan and Transport Support track.

Of the 265,425 beneficiaries, there are 118,581 beneficiaries under Artisan support track, and 146,844 beneficiaries under the Transport track.

The payroll support track aims to support 500,000 beneficiaries with payment of up to N50,000 per employee for a period of three months.

Source: vanguard news

FROM Net Age Blog


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