Government to continue payment of N50,000 COVID-19 grant to consumers, businesses –Presidential Aide

*The Federal Government discloses the COVID-19 support plan is estimated to save not less than 1.3 million jobs, and specifically impact over 35,000 individuals per state across Nigeria

Emmanuel Akosile | ConsumerConnect

In further support to individuals and businesses with a view to saving jobs while activating economic activities, the Federal Government of Nigeria has said it will continue payments of grants as part of its efforts to reduce the harsh impact of the Coronavirus (COVID-19) pandemic on Nigerian consumers.

ConsumerConnect reports the payments are being made under the government’s Survival Fund initiative, which is part of the Economic Sustainability Plan (ESP).

Mr. Laolu Akande, State House Spokesman in a statement said 319,755 Nigerians had already benefited from the payroll support track, while 265,425 Nigerians had benefited under the Artisan and Transport Support track.

The ESP, a N2.3 trillion stimulus package, was approved by President Muhammadu Buhari on June 24, 2020.

Micro, small and medium enterprises (MSME) are entitled to a grant of N50,000 as part of the initiative.

To save jobs, the payroll support track of the programmes also aims to support 500,000 businesses with payment of up to N50,000 per employee for a period of three months.

Artisans and transport business operators are also being supported with a one-time grant of N30,000.

The scheme is also helping small businesses register with the Corporate Affairs Commission (CAC).

The Spokesman also noted that about 172,129 businesses have so far benefitted from the registration support.

The goal is to register 250,000 new businesses, said he.

The government further said that the COVID-19 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.

Applications for the MSME Grants and the Guaranteed Off-take Stimulus Scheme opened February 9 and closed March 1 this year.

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