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

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.

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