Deadline: Ongoing

The federal government of Nigeria has opened applications for the MSMEs Survival Fund.

The survival fund is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard jobs in MSMEs from the shock of the Covid-19 pandemic.

Benefits

  • Survival Fund will support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30,000 and N50,000 per employee over three months
  • Free Corporate Affairs Commission (CAC) business name registration for 250,000 new businesses
  • Survival Fund will assist 100,000 businesses most affected by the Covid-19 pandemic with N50,000 each

Eligibility

  • Businesses must be registered in Nigeria under the CAC
  • Businesses must have more than three staff members
  • Businesses must be owned by Nigerians

To apply and for more information, click here.

Photo source: Survival Fund

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