*319,755 beneficiaries of Payroll Support scheme
*265,425 beneficiaries under the Artisan and Transport Support tracks
*172,129 business names registered free by CAC
In support of the Bukhara administration’s support for small businesses during the COVID-19 pandemic under its Economic Sustainability Plan (ESP), the payment would be made to another group of beneficiaries of the ESP Survival Fund payroll and the one-off General MSME. From this week, 50,000 N is given
This is expected to increase the number of beneficiaries under the wage support program, which has so far benefited 319,755 Nigerians, and 265,425 Nigerians are on the Crafts and Transport Support track.
Of the 265,425 beneficiaries, 118,581 are beneficiaries of the Artisan route and 146,844 beneficiaries of the Transport route.
The Wage Aid Support Program aims to support 500,000 beneficiaries by paying up to N50,000 per employee over three months.
The MSME Survival Fund, which forms part of Nigeria’s Economic Sustainability Plan (NESP), is designed to help vulnerable micro and medium-sized enterprises (SMEs) meet their wage commitments and safeguard jobs in the small and medium-sized enterprise sector.
It is estimated that the scheme will save at least 1.3 million jobs across the country and particularly affect more than 35,000 people in one country.
Applications for MSME Scholarships and Guaranteed Incentive Incentives opened in 2021. February 9 And completed in 2021. March 1
The General MSME Grant is a one-time grant of N50,000 that will be awarded to each qualified MSME as a direct cash injection into their company. The total number of beneficiaries in this band is 100,000, distributed by state.
Under the Craftsman Support Scheme, a total of 333,000 craftsmen and transport business operators across the country will receive a one-off grant of 30,000 N per beneficiary to mitigate the effects of the loss of revenue due to the COVID-19 pandemic.
In addition, 172,129 companies have benefited so far from the ESP Survival Fund’s formalization support program, which aims to register 250,000 new businesses with the Corporate Affairs Commission (CAC) free of charge.
The formalization support scheme was launched in 2020. October 26, Registering Accumulators – CAC registration agents from 36 states and the FCT.
Applications for the guaranteed transfer incentive scheme are still ongoing and the start of this route will be announced at a later stage.
“The guaranteed ‘exemption’ incentive scheme is designed to protect and maintain the income of vulnerable micro and small enterprises by ensuring the sale of their products. In total, 100,000 micro and small enterprises will be able to benefit from this scheme.
2020 June 24 President Muhammadu Buhari approved the Economic Sustainability Plan (ESP) as N2.3 trillion. An incentive plan to mitigate the socio-economic impact of the COVID-19 pandemic. The plan was drawn up by the Economic Sustainability Committee, chaired by SAN Vice President Yemi Osinbayo.