The Federal Government of Nigeria released the guidelines to access the N75 billion Micro, Small and Medium Enterprises, MSME Survival Fund and Support Initiatives.
This is an integral part of the N2.3 trillion stimulus MSME Survival Fund package of the Nigerian Economic Sustainability Plan.
The survival fund is a conditional grant to support vulnerable Micro and Small Enterprises meet their payroll obligations and safeguard jobs in MSMEs from the shock of the COVID-19 pandemic.
The objective of the FG MSME CRM & MIS Platform is to help with the digital registration, onboarding and management of Micro, Small and Medium Enterprises for the Federal Government Survival Fund Program.
The program includes Payroll Support, Guaranteed Offtake and MSME Grant.
The CRM & MIS Platform will also enable the inventory management of the Guaranteed Offtake Scheme.
This program is part of the Economic Sustainability Plan, which aims to support and protect these businesses from the potential vulnerabilities brought about by the COVID-19 pandemic.