August 17, 2022

MSME Survival Fund (www.survivalfund.gov.ng) – The COVID-19 pandemic has created severe Economic consequences for all countries around the world. Nigeria has also been very badly hit. The lockdowns have frozen economic activities, causing massive job losses and supply chain disruptions.

MSME Survival Fund Registration 2021 for Nigerian Entrepreneurs (Fully funded)

In keeping to its promise to support businesses overcome challenges posed by the COVID-19 pandemic, the Federal Government of Nigeria is set to commence nationwide implementation of two MSMEs initiatives namely, the MSME Survival Fund with the Payroll support track as the first scheme to rollout (60 Billion Naira) and the Guaranteed Offtake Scheme (15 Billion Naira) to help cushion the impact of the COVID-19 pandemic with a view to boosting the economy by saving existing jobs and creating new job opportunities.

ABOUT MSME SURVIVAL FUND 2021

The MSME Survival Fund is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard Jobs in the MSMEs sector. The scheme is estimated to save not less than 1.3million jobs across the country and specifically impact on over 35,000 individuals per state.

MSME Survival Fund Features

  • Payroll Support: Support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30,000 to N50,000 per employee over 3 months
  • Formalisation Support: provide free CAC Business Name registration for 250,000 new businesses
  • General Grant: Support the survival of 100,000 businesses most affected by the COVID-19 pandemic with N50,000 each
  • Artisan/Transport Support: provide 333,000 artisans and transport business operators with a N30,000 operations grant to reduce the effects of income loss
  • Guaranteed Offtake Scheme: Bulk purchase of products from 100,000 MSMEs to protect jobs and livelihood

MSME Survival Fund Duration

The scheme will be implemented over an initial period of three months in order to provide immediate relief from the economic impact of the pandemic.

ALSO READ  Federal Ministry of Youth and Sports Development 2021 Internship Programme

Target Beneficiaries: The scheme targets two categories of beneficiaries namely; employees of MSMEs and Self-employed individuals, both schemes have made provision for a 45% female business participation and special needs participation of 5%.

MSME Survival Fund Requirements

The benefiting companies to meet the following criteria:

  • Employees’ company Must be registered in Nigeria under the Corporate Affairs Commission, CAC
  • Must have BVN by company CEO
  • Must have a staff strength of no less than 3 persons
  • Must be owned by a Nigerian

Self-employed Individuals in the following categories

  • Service providers in the transportation sector, le. Bus drivers, Taxi drivers, Ride share drivers. (Uber, Bolt Taxify etc) and Mechanics
  • Artisans, Electricians Plumbers etc.

How to Apply for the MSME Survival Fund

Interested and eligible Nigerians should visit: www.survivalfund.gov.ng

All Registration for Payroll Support Begins on 21st January, 2021.

Note:

  • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it. Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web
  •  We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • Applications submitted after the deadline will not be considered.
  • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • Only qualified candidates will be invited for interview
ALSO READ  Apply for 9mobile Massive Recruitment

 

Note: RECRUITMENT REPORT is a reliable Job / Vacancy Site in Nigeria. Our goal is to provide you with the latest Jobs in Nigeria.

We also provide adequate information that will aid you to qualify for any interview or job openings. Search For Jobs, vacancies, recruitments, career opportunities in Nigeria.