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FG Survival Fund Expansion For More Beneficiaries

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Survival Fund has no doubt impacted the life of many Nigerians and this has made the Nigerian Federal Government more interested in the program.

According to the Vice President of Nigeria, Yemi Osibanjo, the kind of impact and interest already generated among Nigerians by the ongoing implementation of the Survival Fund under the Economic Sustainability Plan, has only shown that there is now a need to expand the scope and reach of the benefits to an even larger number of the populace

WE MUST FIND WAYS OF DOING MORE, MSMEs SURVIVAL FUND. FG Covid-19 Stimulus package impacts about a million already.

Number of Persons That Have Benefited from Survival Fund Scheme

Till date, the survival fund scheme has commenced disbursement to about 500,000 beneficiaries: the Payroll Support Scheme has paid close to 350,000 beneficiaries; almost 166,000 Of 300,000 Artisans have benefited from the Artisan & Transport Scheme; and the Corporate Affairs Commission is ramping up numbers to register 250,000 new businesses free of charge.

By the end of December, an approximate of 400,000 Payroll Support beneficiaries would have received salaries for October to December, while structures have been put in place to commence the General Grants and the Guaranteed Off-take Scheme early next year.

READ ALSO: How To Apply For Survival Fund Payroll Support 2021

Speaking on the implementation of the scheme and the need to expand the scope, the Vice President said “the data indicating what you have done so far shows that it is possible for government to deliver big programmes, and to deliver them credibly. And it is possible for people to actually benefit from government programmes especially with as little interference as possible from the political forces which is what has been the bane of several government programmes in the years past.”

READ ALSO: How to successfully apply for Survival Fund Grant 2021

“Even if we are able to reach 2 million beneficiaries, it is still a tiny percentage of the millions who require help and assistance. So, I think, we have to find ways of trying to seek an approval to expand the scope of the scheme. This is an important aspect of it.”

With this in mind, we encourage all those who have not applied for any of this government interventions to hurry and apply.

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