How To Access FG MSME Survival Fund Program
The objective of the FG MSME CRM & MIS Platform is to help with the digital registration, onboarding and monitoring 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.
About Nigeria FG MSME CRM & MIS Platform
The COVID-19 crisis and its attendant restriction on movement of people and border closures is causing all components of aggregate demand to fall.
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The fall in household consumption in Nigeria stems from restrictions on movement, thus causing consumers to spend primarily on essential goods and services; low expectations of future income and the erosion of wealth and expected wealth.
Movement restrictions have not only reduced the consumption of nonessential commodities in general, but have affected the income-generating capacity of the population, thus reducing their own consumption expenditure.
Nigeria has a large informal sector which contributes about 65 percent of its economic output and a large proportion of the population is clustered around the poverty line thus making them highly vulnerable to falling into poverty due to shocks.
The MSME Revolving Guaranteed Off-take Scheme is one of the Federal Government’s economic support measures to assist micro and small businesses affected by the pandemic.
The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic. The scheme will provide Payroll Support to a maximum of 10 employees per qualifying MSME.
How To Access FG MSME FUND
Step 1: Go to Survival Fund Application, click Sign Up or Start Here.
Step 2: Personal registration.
Register your personal details to start the payroll support application. Instructions at the top of the form will guide you on the required fields that need to be filled to complete the initial registration.
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Step 3: Activate your account.
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 4: 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 5: 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.