Goodnews: FG Set To Continue Payment Of N50,000 COVID-19 Grant 

Goodnews: FG Set To Continue Payment Of N50,000 COVID-19 Grant

Goodnews: FG Set To Continue Payment Of N50,000 COVID-19 Grant

We are pleased to inform the general public that the Federal Government of Nigeria has perfected plans to continue the payment of Covid19 grant.

This was disclosed by Laolu Akande, the state house spokesperson.

The State House spokesman Laolu Akande on Sunday 25 April 2021 in a statement said 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 Covid-19 pandemic on Nigerians citizens.

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.

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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.

Check This Out:Apply For GOGETTAZ Agripreneur Prize 2021 for young African Entrepreneurs (US$50,000 cash prize).

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

So far the programme has impacted in the life of many Nigerians, and have sustained businesses (both Small and Medium Scale Enterprises) across the country.

Hope this information was useful?

If you need us to help you with more verified and updated information about Covid19 loan, feel free to ask questions at the comment section below.

Nwoka Stanley

An Architect and Media Personality

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