MSME Survival Funds: Again, PDO assures payment to all verified applicants | Payrol Supports

The Project Delivery Office of the President Mohammadu Buhari led Administration N75 Billion MSME Survival Fund Scheme has reassured Nigerians that payment to the qualified beneficiaries of the grant scheme is on going while encouraging the applicants to remain patient in wait of their payments.

Responding to several enquiries made by some applicants of the Scheme, the PDO restated that all verified applicants will be paid. According to the PDO, once an applicant's profile shows verified, he or she will be paid.

Hello Bukar, kindly check your verification status on the website. If verified kindly remain patient, payments are being processed.

— MSME Survival Fund (@SurvivalFund_ng) March 24, 2021

The PDO while acknowledging the reciept of the recent fund released to them by the Federal Government noted that the funds are released in batches, hence payment are made in batches which instills the need for the applicants to be patient.

Answering questions on the phone call verification of applicants, the PDO encouraged the applicants to always keep their phones close to themselves as the phone call verification of applicants is also on going.

The Payrol Supports track of the MSME Survival Fund Scheme, the largest and most trending, has remained a top gist among employees of Micro, Small and Medium Enterprises (MSMEs) who form part of the 500,000 Nigerians to recieve N30,000 - N50,000 for a period of three months under the Track.

According to a recent reports from the Federal Government, 64,395 businesses have been verified and 320,678 employees paid the N30,000 -N50,000 three months salary Supports out of the 500,000 employees beneficiaries targeted under the Payrol Supports Track across the country.

Also, over 146,811 transport sector beneficiaries and 114,557 artisans beneficiaries have been paid the N30,000 one-off grant each out of the 333,000 beneficiaries targeted under the Artisan/Transport Track across the country while 100,000 Businesses have so far been freely registered by the Corporate Affairs Commision out of the 250,000 beneficiaries targeted under the Formalisation Supports Track. 

The Federal Government has remained committed in repositioning Nigerian MSMEs through the National Economic Sustainability Plan (NESP) as the  Bank of Industry (BoI) secures $1 billion syndicated loan to support Micro, Small and Medium Enterprises (MSMEs) in Nigeria.

Related: MSME Survival Funds: FG secures $1 billion loan to support MSMEs, heightens hope for Survival Funds applicants