As the Payroll Support Registration component of the MSME Survival Fund kick start today 21 September 2020, the Federal Government has released the timetable for categories of businesses to register.
The Payroll support scheme is expected to assist about 500,000 vulnerable MSMEs in meeting payroll obligations of between N30,000 to N50,000 per employee over 3 months
In a statement released yesterday by the Project Delivery Office (PDO), In order to ensure a seamless registration process, the Survival Fund payroll support Registration portal will open on Monday, 21 September 2020 at 10 PM, and will have educational institutions as the first category of beneficiaries to register.
Businesses in the hospitality industry will have access on Friday 25 September 2020 from 12 A.M., while, other categories of small businesses will be able to register from 12 A.M., on Monday, September 28, 2020.
|BUSINESS CATEGORY||REGISTRATION ACCESS DATE|
|Educational Institutions||Monday, 21 September 2020|
|Hospitality Industry||Friday, 25 September 2020|
|Other MSMEs||Monday, September 28, 2020|
A. Employees’ company Must be registered in Nigeria under the Corporate Affairs Commission, CAC
B. Must have BVN by company CEO
C. Must have a staff strength of no less than 3 persons
D. Must be owned by a Nigerian
Visit http://www.survivalfund.gov.ng to start the registration process
The intervention is aimed at cushioning the impact of the COVID-19 pandemic with a view to boosting the economy by saving existing jobs and creating new job opportunities.