The Federal Government of Nigeria has introduced a new initiative Platform to assist Micro, Small and Medium Enterprises (MSMEs), as Nigerians strive daily to rise above the economic impacts of the COVID-19 Pandemic. See more details as you read on.

The initiative Platform tagged MSME Survival Fund was set up by the President Muhammadu-Buhari-led administration to support businesses that have been hit by the COVID-19 pandemic.

MSME CRM Grant & MIS Platform

The platform comprises of the following categories of support available for application or registration. They are:

  • MSME Payroll Support
  • MSME Grant
  • Guaranteed Offtake

In this article, the above listed categories of support will be explained below, you apply for any support of your interest.

MSME Payroll Support

This category makes payroll support available to save jobs and sustain local production in the country. It is meant for business owners who have not been able to pay their staff salary for the past three months.

The salary support ranges between N30,000 and N50,000.

MSME Grant

In this category, the federal government will provide credit support to MSMEs and key sectors impacted by the Covid-19 pandemic with a view to enabling an increase in manufacturing capacity.

However, this scheme is not currently ACTIVE, at the time of this report, according to the information on the website.

 Guaranteed Offtake

The MSME Guaranteed Offtake Scheme is also one of the federal government’s economic support measures to assist micro and small businesses affected by the pandemic.

However, this scheme is not currently ACTIVE, at the time of this report, according to the information on the website.

Four Steps to apply for the MSME Payroll Support

The following steps below are guidelines on how to apply for the MSME Payroll Support, follow the steps to make a successfully application.

Step 1: Personal registration

Register your personal details to start the payroll support application. These include first and last name, email, phone number, password, gender, date of birth, residential address, state of origin and local government. Afterwards, accept the Terms and Conditions and register.

Instructions at the top of the form will guide you on the required fields that need to be filled to complete the initial registration.

Step 2: Activate your account

After step 1completion, you will receive an activation code on the mobile number and email address you registered with. You will need this code to activate your account. Please ensure you have access to the phone number or email address you will register with in order to complete your initial registration.

Step 3: Organisation registration

After you have successfully activated your account, you will need to login and register your Organisation. To complete this stage, you will need your CAC Number, SMEDAN Number, Tax ID (optional) and the organisation’s bank account details.

Step 4: Completing the payroll support application

You will receive an email address on the list of requirements needed to complete the application. These include the beneficiary employees’ details (not more than 10 employees), proof of previous salary payments to the beneficiary and all other supporting documents.

How to Apply for MSME Survival Fund CRM Grant & MIS Platform

To apply click on MSME Survival Fund application

Timetable for Survival Fund Registration

Business owners in the educational sector are expected to start their registration from Monday, September 21.

Business owners in the hospitality sector e.g. cinemas, bars, hotels, restaurants etc are expected to register by 12am on Friday, September 25.

Every business owner is expected to register from Monday, September 28, while the registration for all sectors will close on Thursday, October 15.

By noble

Leave a Reply

Your email address will not be published. Required fields are marked *