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.
The scheme is also helping small businesses register with the Corporate Affairs Commission (CAC).
About 172,129 businesses have so far benefitted from the registration support. The goal is to register 250,000 new businesses.
The Covid support plan is estimated to save not less than 1.3 million jobs across the country and specifically impact on over 35,000 individuals per state, according to the government.
The Federal Government will this week commence the payment of N50,000 to each of
the other beneficiaries of its Economic Sustainability Plan (ESP)Survival Fund under which 500,000 Nigerians are to benefit.
This is in furtherance of the President Muhammadu Buhari administration’s support for small businesses during the COVID-19 pandemic under its ESP Survival Fund’s Payroll support track and the one-off General MSME Grant.
The Media Assistant to the Vice President, Laolu Akande, in a release on Sunday disclosed that the number of beneficiaries under the Payroll Support track, were 319,755 Nigerians, while 265,425 Nigerians are beneficiaries under the Artisan and Transport Support track.
ESP support fund: FG to begin more payments this week tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Nigeria lists conditions MSMEs must meet to enjoy new support
This programme is designed to help boost the growth of 100,000 MSMEs spread across the states.
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A new programme by the Nigerian government to support 100,000 small and medium businesses will commence on February 9.
The federal government announced that the registration for the Guaranteed Off-take Stimulus scheme (GOS) and the general micro, small and medium enterprise (MSME) grant will commence on February 9.
This was disclosed in a statement issued by the project delivery office of the scheme on its Twitter page, Thursday.
UPDATE: Public Announcement on the Commencement of the Guaranteed Off-take Stimulus Scheme and the MSME Grant.
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