MSME Survival Fund Portal Reopens for 30 States | See List of States and How to Apply

Filed in Business by on January 27, 2021

Do you know that the federal government has ordered the reopening of MSME Survival Fund Portal for 30 states? Well, check here to know the states and how you can apply and be among the 500,000 vulnerable MSMEs to be in the payroll.

MSME Survival Fund Portal

The Federal government of Nigeria under the Buhari led administration has ordered the reopening of the MSME Survival Fund Payroll Support Portal for fresh registration of businesses in 30 states across the Federation.

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The Payroll support scheme is meant to assist over 500,000 vulnerable MSMEs with a monthly stipend between N30,000 to N50,000 per employee over 3 months.

In a statement signed by the Hon Minister of State, Federal Ministry of Industry Trade and Investment, Ambassador Mariam Katagum, the Project Delivery Office (PDO) inform the Public that the MSME Survival Fund Portal will be reopened for States that have not met their quota. The Portal will be open for 7 days beginning from 27th January to 2nd February 2021.

The payroll Support Track of the MSME Survival Fund Scheme which was flagged off on the 21 of September 2020 is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees for a period of 3 Months.

List of States

The state to benefit from the reopening include;

  • Abia
  • Adamawa
  • Akwa Ibom
  • Anambra
  • Bayelsa
  • Borno
  • Cross River
  • Delta
  • Ebonyi
  • Edo
  • Ekiti
  • Enugu
  • Gombe
  • Imo
  • Jigawa
  • Katsina
  • Kebbi
  • Kogi
  • Kwara
  • Lagos
  • Nasarawa
  • Niger
  • Ogun
  • Ondo
  • Osun
  • Oyo
  • Sokoto
  • Taraba
  • Yobe
  • Zamfara

Businesses in states like Benue, Plateau, Bauchi, Kano, Kaduna, and Rivers and the FCT who have met their quota are excluded from participating in the reopening exercise.

MSME Survival Fund Portal – Requirements

Requirements for businesses to benefit from the Survival Fund Payroll Support includes:

  1. Businesses must have CAC registration
  2. Businesses must have a minimum of 10 and a maximum of 50 staff.
  3. Business must be owned by Nigerians
  4. Must have verifiable BVN
  5. The Scheme provides for 45% female participation and 5% Special Needs participation.

Registration for this scheme is free at the the MSME Survival Fund Portal, kindly visit http://www.survivalfund.gov.ng to start the registration process.

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