Jobs

Survival Fund Loan Grant Payment Disbursement: FG disburses N57bn to 1 million Nigerians

Spread the love

Survival Fund Loan Grant Payment Disbursement: FG disburses N57bn to 1 million Nigerians – This is to inform the general public of Survival Fund Payment Disbursement as FG disburses N57bn to 1million Nigerians. If you are yet to get yours, this is the right time to do so. For those that are yet to apply, you can still use the link portal below

Contents

Survival Fund Loan Grant Payment Disbursement: FG disburses N57bn to 1 million Nigerians

The Federal Government has disbursed N56,842,780,000 to 1,079,323 persons and businesses under the Survival Fund programme. The companies include those registered under the Corporate Affairs Commission (CAC).

Maryam Katagum, Chairperson of the Survival Fund Steering Committee, gave the details at a news conference on Tuesday in Abuja.

Katagum, the Minister of State, Industry Trade and Investment, also flagged off the Guaranteed Off-take Scheme, with 50,032 beneficiaries already shortlisted.

Read: NMFB Loan Portal Reopens for New Applications of AGSMEIS and TCF Household /SME Loan

The official said the scheme was the last track of the Micro Small and Medium Enterprises (MSMEs) Survival Fund.

The target is 100,000 beneficiaries but as at the time the portal closed, only 65,976 applications were received. 50,032 entries across Nigeria scaled the pre-qualification test and were shortlisted.

Read Also: Survival Fund Payment 2021: What to do when you have not been paid your Survival Fund Grant

“To date, we have successfully disbursed the sum of N56,842,780,000.00 to 1,079,323 including those registered under CAC”, Katagum confirmed.

“The Federal Government is set to roll out the last component of the Survival Fund known as the Guaranteed Off-take Scheme (GOS).”

Click Here to Apply for Survival Fund Guaranteed Off-take Scheme (GOS)

Noting that COVID-19 caused a drop in demand for corporate and household products and commodities, the Guaranteed Off-take scheme was conceived to assist small businesses.

Katagum explained that the commencement was delayed due to issues from other programmes such as failed payments, balancing value and ensuring equity among states.

For verification and pre-qualification, the minister said the beneficiaries must be Nigerians with valid BVN and have a staff strength of not less than three.

How to be updated regularly

Kindly subscribe to the site using your Email address for more updates

LIKE our Facebook information page for more updates

FOLLOW our Twitter News Handle for more information

For questions and challenges, Click Here

basedonnews

View Comments

  • How about the payroll verified applicant. Will the FG still pay them or not?

    • basedonnews says:

      Yes they will be paid

  • Umar Faruk says:

    It's saying registration is closed

    • basedonnews says:

      It will reopen

        • basedonnews says:

          You will be notified

Share
Published by
basedonnews

Recent Posts

NYSC Batch C Stream 2 2024 | Online Registration Starting Date, Mobilization and Camp Date

NYSC Batch C Stream 2 2024 Update | Online Registration Starting Date, Mobilization and Camp…

2 weeks ago

Nigerian Army (NA) 88RRI Recruitment 2024/2025 Application Form Portal

Nigerian Army (NA) 88RRI Recruitment 2024/2025 Application Form Portal - Do you want to apply…

3 weeks ago

Chief Security Officer (CSO) at United Nigeria Airlines: How to Apply

Chief Security Officer (CSO) at United Nigeria Airlines: How to Apply: United Nigeria Airlines is…

2 months ago

Safety and Quality Manager at United Nigeria Airlines – Apply Here

Safety and Quality Manager at United Nigeria Airlines - Apply Here:  I am directed to…

2 months ago

NYSC Corps Members Allowance – DG Gives Assurance of Stipend Hike

NYSC Corps Members Allowance - DG Gives Assurance of Stipend Hike This article is directed…

2 months ago

How To Check If Your FG Loan Application Status Is Verified

How To Check If Your FG Loan Application Status Is Verified: As the Federal Government…

2 months ago