Nigeria Launches Survival Fund For Small Businesses

The MSME Survival Fund was launched Monday 14th September 2020

The N75 billion Fund is part of the Nigeria Economic Sustainability Plan stimulus program to support 1.7 million self-employed persons and medium to small businesses across Nigeria.

The Sustainability Fund committee was set up by President Buhari and will be chaired by Vice President Yemi Oshibajo.

It is hoped that the fund will be able to help a total of 75% female owned small businesses and businesses owned by people with special needs 

The fund will also offer payroll support to 500,000 vulnerable MSMES in meeting payroll obligations for employees earning between N30,000 to N50,000 per month. This assistance will be met for 3 months.

Registration for Payroll Support begins on 21st September 2020

For more details on the fund, please visit