How to register for Survival Fund is one of the major questions asked by business owners and entrepreneurs in Nigeria. The survival program was geared towards supporting small business owners, artisans, transport workers, and educational institutions.
Before I proceed, I would want you to know more about the program eligibility, requirement, and targeted beneficiaries. The sustainability plan consisting of a collective effort from various government parastatals including the Bank of Industry, Corporate Affairs Commission, and Industrial Training Fund was one of the major post covid economic plans by President Mohammed Buhari.
What is Survival Fund?
The N75 billion sustainability scheme was engineered by the vice-president, Prof Yemi Osinbajo, basically for supporting small scale businesses who are on the verge of folding up as a result of the Covid-19 pandemic. The plan was targeted to provide Payroll Support, Formalisation Support, and General Grant.
Types of Survival Fund
Payroll Support
The Payroll Support is aimed at paying all beneficiary employees working in most of thede affected business. The federal government said a total of 500,000 beneficiaries would be paid between 30,000-50,000 for 3 months.
Formalisation Support
The Formalisation support was designed to target entrepreneurs who are yet to register their business names with the Corporate Affairs Commission. Over 250,000 new businesses would be registered for free.
General Grant
The General Grant is basically for the support of 100,000 businesses with a total of 50,000 each.
MSME Grant
The MSME Grant has been finally launched by the federal government as part of the economic sustainability plan targeted at key sectors affected by the pandemic
Requirement For Survival Fund Registration
- An Identification Card (National ID Card or Drivers License)
- Business Registration Number
- SMEDAN Number
- Bank Verification Number (BVN)
- Tax Identification Number (TIN)
- Employees Details
- Salary Payroll for 3 months
- Annual Turnover
How to register for Survival Fund
How to register for survival fund support is as simple as A, B, C if you follow this step by step guide;
How To Register For Payroll Support
You can register for payroll support by following these steps;
- You can register for the survival fund by visiting the official website www.survivalfund.gov.ng
- Click on the Start Here button at the top area of the website
- Select your registration type as Payroll Support register
- you would be directed to where you can fill in your personal details
- Upon completing the form an activation code could be sent to your email
- Once you get the code, go back to the website and click activate account at the top menu
- Put in the code correctly and activate your account
- go to the Login menu and fill in your details used in signing up
- you would be directed to your dashboard
How to Register For Formalisation Support
You can register for the formalisation support by following these steps;
- You can register for the survival fund by visiting the official website www.survivalfund.gov.ng
- Click on the Start Here button at the top area of the website
- Select your registration type as formalisation support
- You would be directed to the CAC Sfund Website
- Log in your details and register any 3 names you wish to name your business
- You can also check for your state aggregators number which is currently available on the website
How To Register For MSME Grant
You can register for the MSME grant by following these steps;
- You can register for the survival fund by visiting the official website www.survivalfund.gov.ng
- Click on the Start Here button at the top area of the website
- Select your registration type as MSME grant
- Fill in all information required and click on Register
- An activation code would be sent to your email or phone number
- Input the code sent to your email to activate your account
- Log in to complete your registration
How To Register For Guaranteed Offtake Scheme
You can register for Guaranteed Offtake Scheme by following these steps
- You can register for the survival fund by visiting the official website www.survivalfund.gov.ng
- Click on the Start Here button at the top area of the website
- Select your registration type as Guaranteed Offtake Scheme
- Fill in all information required and click on Register
- An activation code would be sent to your email or phone number
- Input the code sent to your email to activate your account
- Log in to complete your registration
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The federal government has made this registration free by providing a digital platform where you can register for the survival fund program for free. If you are having issues kindly drop it in the comment section and I would be glad to assist. cheers!
