ABUJA – Report says The Federal Government is set to continue payments of grants to individuals and businesses as part of its efforts to reduce the harsh impact of the coronavirus pandemics on Nigerians.
The payments are being made under the government’s Survival Fund initiative, part of the Economic Sustainability Plan (ESP).
The ESP, a N2.3 trillion stimulus package, was approved by President Muhammadu Buhari on June 24, 2020.
Micro, small and medium enterprises (MSME) are entitled to a grant of N50,000 as part of the initiative.
To save jobs, the payroll support track of the programs also aims to support 500,000 businesses with payment of up to N50,000 per employee for a period of three months.
Artisans and transport business operators are also being supported with a one-time grant of N30,000.
According to a statement from State House spokesman Laolu Akande, 319,755 Nigerians have already benefited from the payroll support track while 265,425 Nigerians have benefited under the Artisan and Transport Support track.
Applications for the MSME Grants and the Guaranteed Off-take Stimulus Scheme opened on February 9 and closed on March 1.
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