The scheme will protect and sustain the income of vulnerable micro and small enterprises from the economic disruption of the COVID-19 pandemic through the implementation of various initiatives aimed at boosting the production capacities of small businesses as well as the provision of grants.
The main objective of this particular scheme is to boost the production capabilities of small businesses with the view of ensuring that they remain in business.
Registration commencement date February 9, 2921
LIST OF PRODUCTS CAPTURED IN THE GUARANTEED OFFTAKE STIMULUS SCHEME
CATEGORY A (LOT 1)
(HAND SANITIZERS & CLEANING)
CATEGORY B – LOT 2
(PROCESSED FOODS & GRAINS)
Rice (Raw Paddy)
LOT – 3 (FLOUR PRODUCTION)
Soya bean flour
LOT – 4 (OIL PRODUCTION)
LOT – 5 (SPICES PRODUCTION)
Dry locust beans
THE GENERAL GRANT IS A ONE OF GRANT OF N50,000 THAT WILL BE GIVEN TO EACH QUALIFIED MSME AS DIRECT CASH INJECTION INTO THEIR BUSINESS ENTERPRISE. THE TOTAL NUMBER OF OF BENEFICIARIES IS 100,000 ACROSS THE STATES.
A total of 100,000 Micro Small Enterprises are to benefit from the scheme.
Other states: 2,640 beneficiaries each
ELIGIBILITY & REQUIREMENTS
** MUST BE NIGERIAN
** MUST BE REGISTERED WITH CAC
** MUST HAVE BVN & BANK ACCOUNT
How to apply:
Step 1: Head straight to the official portal of the survival fund
Step 2: On the top right-hand side, click on “Start Here”
Step 3: From the four options under survival fund, select “Guaranteed Offtake Stimulus Scheme”
Step 4: Receive an activation code
Step 5: Log in to the portal to complete the registration
Step 6: Once fully registered on the platform, complete the onboarding process
Step 7: Add your Organisation, Bank, and Employees details.
Step 8: Allow Project Delivery Office to verify you
Step 9: Finally, get paid
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