MSME Survival Fund : Payroll Support Track & Guaranteed Offtake Scheme

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The MSME Survival Fund is targeted to positively impact;

  • 1.7 million entities and individuals comprising
  • 45% women, and
  • 5% persons with special needs.

The recent global health crisis occasioned by the COVID-19 pandemic has caused a lot of disruptions — particularly on business and livelihood. This prompted the Federal government of Nigeria to set up the economic sustainability committee chaired by the vice president to ensure that jobs are not lost and the Micro Small and Medium Enterprises MSME sector continues to grow and survive.

Thus, the federal government earmarked a N2.3 trillion stimulus package to invest in a variety of schemes — part of which includes the MSME Survival Fund.

MSME Survival Fund

The MSME Survival Fund is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard Jobs in the MSMEs sector.

The scheme is estimated to save not less than 1.3million jobs across the country and specifically impact on over 35,000 individuals per state.

Two pilot programs under the MSMEs survival fund are set to commence this month. They are;

  • Payroll Support Track (N60 billion)
  • Guaranteed Offtake Scheme (N15 billion)

Both Schemes are at the core of the N2.3 trillion stimulus package also known as the Nigerian Economic Sustainability plan.

The schemes are targeted to impact;

  • Employees of MSMEs and
  • Self-employed individuals.

The schemes are expected to cushion the impact of the COVID-19 pandemic with a view to boosting the economy by saving existing jobs and creating new job opportunities.

Features of the MSME Survival Fund

Payroll Support:

The Payroll Support is the number one scheme under the MSME Survival Fund.
The fund will support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30,000 to N50,000 per employee over 3 months.

Formalisation Support:

Provide free CAC Business Name registration for 250,000 new businesses
General Grant
Support the survival of 100,000 businesses most affected by the COVID-19 pandemic with N50,000 each

Artisan/Transport Support:

Provide 333,000 artisans and transport business operators with a N30,000 operations grant to reduce the effects of income loss

Guaranteed Offtake Scheme:

Bulk purchase of products from 100,000 MSMEs to protect jobs and livelihood

For how long will the MSME Survival scheme be implemented?

The scheme will be implemented over an initial period of three months in order to provide immediate relief from the economic impact of the pandemic.

Target Beneficiaries

The scheme targets two categories of beneficiaries namely;

  • Employees of MSMEs and
  • Self-employed individuals.

All programmes under the MSME Survival Fund have a provision for a 45% female business participation and special needs participation of 5%.


A. Employees’ company Must be registered in Nigeria under the Corporate Affairs Commission, CAC

B. Must have BVN by company CEO

C. Must have a staff strength of no less than 3 persons

D. Must be owned by a Nigerian

Self-employed Individuals in the following categories

A. Service providers in the transportation sector, le. Bus drivers, Taxi drivers, Ride share drivers. (Uber, Bolt Taxify etc) and Mechanics.

B. Artisans, Electricians Plumbers etc.

Guaranteed Offtake Stimulus Scheme

This scheme will protect and sustain the income of vulnerable Micro and Small Enterprises from the economic disruptions of the COVID-19 pandemic through the implementation of various initiatives aimed at boosting the production capacities of the small businesses as well as provision of grants.

The main objective of this particular scheme is to boost production capabilities of small businesses with the view to ensuring that they remain in business.

Duration: The duration of implementation will be same as the payroll support Target Beneficiaries: Micro and Small businesses registered in Nigeria.

Registration for Payroll Support Begins on 21st September 2020

Click here for more information.

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