The Federal Government has distributed over 56.8 billion naira to about one million persons and businesses, including those registered under the Corporate Affairs Commission, CAC for off-take scheme of the Survival Fund.
Minister of State, Industry Trade and Investment, also the Chairperson, Survival Fund Steering Committee, Maryam Katagum, who announced this at a news conference in Abuja, said the scheme was the last track of the government’s Micro Small and Medium Enterprises, MSMEs Survival Fund scheme.
She also explained that the scheme targeted 100,000 beneficiaries, but that as at the time the portal closed, only 65,976 applications were received, of which 50,032 scaled the pre-qualification test and were shortlisted.
The Minister added that the scheme was originally scheduled to be flagged-off earlier but was delayed as the committee sought to address all issues arising from other schemes that had been implemented.
The Special Assistant to the President on MSMEs, Tola Adekunle-Johnson, explained that those who had been successfully pre-qualified would be required to return to the portal www.survivalfund.gov.ng to complete their documentation.