SMB Nigeria

Apply for Government N75B MSME Survival Fund for Self Employed and MSMEs in Nigeria

Apply for Government N75B MSME Survival Fund for Self Employed and MSMEs in Nigeria

Apply for Government N75B MSME Survival Fund for Self Employed and MSMEs across Nigeria

The Federal Government of Nigeria is set to commence nationwide implementation of two MSMEs initiatives: The MSME Survival Fund with the Payroll support track as the first scheme (60 Billion Naira) and The Guaranteed Offtake Scheme (15 Billion Naira) to help cushion the impact of the COVID-19 pandemic.

This scheme will protect and sustain the income of vulnerable Micro and Small Enterprises from the economic disruptions of COVID-19 pandemic with a view to boosting the economy, save jobs and create more job opportunities.

Click here for registration details

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

Click here for registration details

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