MSME Survival Fund: FG commences massive payment to Payroll Supports Applicants

The Federal Government has, Wednesday, commenced massive payment of the COVID-19 relief grants to thousands of verified applicants of Payroll Supports Track of the N75 Billion MSME Survival Fund Scheme.

Many of the 2020 and 2021 applicants of the Payroll Supports Track have confirmed to have received 3 months alerts of N30,000 to N50,000 today as joy fills the atmosphere after many months of waiting.

In a recent event that stirred tension in Nigeria, the applicants had protested the delay in the disbursement of the grant while utilising the Twitter Channel, alleging that the Project Delivery Office may have diverted the fund earmarked for the Scheme by the Federal Government.

The Project Delivery Office of the N75 Billion MSME Survival Fund however appealed to Nigerians to exercise some patience as payments were being processed, assuring that all verified applicants of the Payroll Supports Track would be paid in no distant time.

Before the commencement of the current payment, the PDO had in an update stated that 319,755 MSME Employees have been paid under the Payroll Supports Track out of the proposed 500,000 MSME Employees to recieve a 3 month N30,000 - N50,000 Salary Supports under the Track.

The PDO added that 265,425 Nigerians have been paid the N30,000 Artisan/Transport Grant out of the proposed 333,000 Nigerians to benefit under the track.

The MSME Survival Funds Scheme initiated by the President Mohammadu Buhari led administration is one the several Schemes the Govermnent has employed to reduce impact of the COVID-19 Pandemic on Micro, Small and Medium Enterprises (MSMEs) through the National Economic Sustainability Plan (NESP).