x

FG To Continue Payment Of N50,000 COVID-19 Grant – Spokesman

The Federal Government is set to continue payments of grants to individuals and businesses as part of its efforts to reduce the harsh impact of the coronavirus pandemic on Nigerians, a spokesman said on Sunday.

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

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 programs 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.

According to a statement from State House spokesman Laolu Akande, 319,755 Nigerians have already benefited from the payroll support track while 265,425 Nigerians have benefited under the Artisan and Transport Support track.

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

About 172,129 businesses have so far benefitted from the registration support. The goal is to register 250,000 new businesses.

The Covid 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, according to the government.

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

Hot this week

ITF Screens 15,000 Plateau Artisans for Federal Government’s Skill-Up Programme

By Israel Adamu, JosThe Industrial Training Fund (ITF) has...

INSPIRATION:Take a Break — Find Clarity in Stillness

By Mary EwaSometimes, life feels like a race with...

Chinese Ambassador’s Cup: 2025 Wushu Championship Set to Hold in Abuja

The Chinese Ambassador’s Cup-Wushu Championship, also known as the...

Chinese Ambassador’s Cup: 2025 Wushu Championship Set to Hold in Abuja

The Chinese Ambassador’s Cup-Wushu Championship, also known as the...

INSPIRATION:Take a Break — Find Clarity in Stillness

By Mary EwaSometimes, life feels like a race with...

Ruben Amorim’s Bold Faith in Senne Lammens Pays Off as Rio Ferdinand Delivers Five-Word Verdict

Manchester United’s dramatic 2-1 victory over Liverpool at Anfield...

Arsenal Hit Historic 22-Year Milestone as Arteta Eyes Premier League Glory

Arsenal’s impressive start to the 2025/26 Premier League season...

Gov. Ododo Launches Rural Electrification Project for 30 Kogi Communities

By Noah Ocheni, LokojaKogi State Governor, Alhaji Ahmed Usman...

Minister’s Aide Empowers 300 Pupils in Lagos Through School Support Initiative

By Israel Adamu, JosThe Abosede Tomori Foundation (ATF)...

Match fixtures

Tuesday 21 October 2025 Champions League17:45 BST BarcelonavOlympiacos 17:45 BST FC...

Related Articles

Popular Categories

spot_imgspot_img