How N75billion MSME Survival Fund will be distributed

The Nigerian Presidency has disclosed that the Survival Fund beneficiaries will be evenly distributed across the states of the country to achieve equality.

Mr. Laolu Akande, the Senior Special Assistant for Media and Publicity to the Vice President, Prof. Yemi Osinbajo, disclosed this in a tweet via his official Twitter handle. He wore;

"Assurance: SURVIVAL FUND BENEFICIARIES WILL BE EVENLY DISTRIBUTED ACROSS STATES *Lagos, Kano & Abia get marginal increase *13, 000 beneficiaries for 3 months Payroll Support per state *2,640 for N50, 000 MSME Grant per state *6,606 for free CAC company registration per state...

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"....9,009 beneficiaries for N30, 000 Artisan & Transport Grant per state *2,640 for Guaranteed Off-take Scheme per state. The Economic Sustainability Plan is in progress. Look out for more from the Buhari administration & take advantage now."

According to his statement, Mr. Akande said the beneficiaries of the Survival Fund will be evenly distributed across states in the country, while Lagos, Kano, and Abia States will get a marginal increase in beneficiaries allotted to them.

Statement simplified by Nairametrics into key points below:

  • 13,000 beneficiaries have been enrolled for Payroll Support per state in three months
  • 2,640 beneficiaries have been enrolled for N50,000 MSME Grant per state.
  • 6,606 businesses per state will benefit from the free CAC company registration per state.
  • 9,009 beneficiaries per state will get N30,000 Artisan & Transport Grant.
  • 2,640 individuals are billed for Guaranteed Off-take Scheme per state.

He concluded that the Economic Sustainability Plan (ESP) is in progress, and Nigerians should look out for more information from the Buhari administration and urged them to take advantage now.

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