MSME Support: VP Yemi Osibanjo reveals the actual number of people paid by Survival Fund

Vice President Yemi Osibanjo gave a total breakdown of the beneficiaries of the Payroll Support, Transport/Artisan grant, MSME general grant and the Guarantee Off-take Scheme all under the Survival Fund program.

Speaking at the maiden edition of the National MSME Discourse under the theme "Little Beginning, Huge Impact". In the event held in Abuja on Thursday, Osibanjo said MSMEs are the bedrock of every economy and must be supported.

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Osibanjo who was represented by the honourable Minister for Industry, Trade and Investment Dr. Niyi Adebayo gave the breakdown of the scheme (Survival Fund) as follows;

  •  PAYROLL= 459,307 out of 500,000 beneficiaries.
  •  MSME GENERAL GRANT= Over 44,000 out of 100,000 beneficiaries.
  •  GUARANTEE OFF-TAKE; are also expected to receive payment soon.

Osibanjo said;

"As the engine room of every economy, we cannot neglect MSMEs, there is yet another N200bn released by the CBN as part of its intervention fund and another N100bn released for the exporters"

Osibanjo said the remaining applicants of the Survival Fund program will be paid soon as the steering committee receives funds from CBN.


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About the Author: Sam Oluwarantimi

Interpersonal Communication Specialist & Graduate (Biology), Obafemi Awolowo University. Join me on Twitter.

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