The Federal Government of Nigeria has announced a new web portal for its Survival Fund initiative that kicked off this year.
The Federal Government said ‘operational challenges’ is the reason for the website change.
The Survival Fund initiative is set up to support vulnerable Micro and Small enterprises in meeting their payroll obligations and safeguarding jobs in MSMEs from the shock of the COVID- 19 pandemic.
The payroll support arm of the initiative is estimated to save at least 1.3 million jobs across the country while targeting an average of 35,000 individuals per state.
The migration will take effect from today, November 1, 2020. Every other detail remains the same.
While announcing the update, the Minister of State for Industry, Trade and Investment, Mariam Katagum, reminded the public not to pay money to anybody in order to be selected for the grant.
“The public is further warned not to pay anything for the ongoing formalisation process or any of the package under the scheme, it is absolutely free.”
The objective of the FG MSME CRM & MIS Platform is to help with the digital registration, onboarding and management of Micro, Small and Medium Enterprises for the Federal Government Survival Fund Program. The program includes Payroll Support, Guaranteed Offtake and MSME Grant. The CRM & MIS Platform will also enable the inventory management of the Guaranteed Offtake Scheme. This program is part of the Economic Sustainability Plan, which aims to support and protect these businesses from the potential vulnerabilities brought about by the COVID-19 pandemic.
UPDATE ON SURVIVAL FUND
The Ministry of Industry Trade and Investment wishes to inform the general public that due to operational challenges the Survival Fund website will be migrating to https://t.co/86oWlxjbUz with effect from tomorrow, Nov. 1st, 2020.
— Bashir Ahmad (@BashirAhmaad) October 31, 2020