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Presidency releases number of beneficiaries, amount of grants for COVID-19 survival funds (see number per state)

by Emerald Nigeria
November 8, 2020
in Economy
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Office of the Nigerian vice president, Professor Yemi Osibanjo has released the number of beneficiaries for the COVID-19 survival funds. In a tweet by Laolu Akande, senior special assistant on media and publicity to the vice president, he said Lagos, Kano and Abia states will get marginal increase.

He also said 13,000 beneficiaries for three months payroll will be supported per state, 2,640 beneficiaries will receive N50,000 grant for micro, small and medium enterprises as grants while 6,606 beneficiaries will receive free CAC registration per state.

In the tweet, he said 9,009 beneficiaries will receive N30,000 per artisans and transport grant per state while 2,640 for guaranteed off-take scheme per state. He added that the economic sustainability plan is in progress.

A proper analysis of Akande’s tweet would mean 13,000 times 36 + FCT = 481,000 Nigerians will get three months payroll support.

A total of 97,680 Nigerians with 2640 per state will receive N132million per state as grants for micro, small and medium enterprises as grants with N50,000 for each enterprise. In the same vein, 333,333 artisans across the country will receive N30,000 each.

This is across the 36 states and the federal capital territory, FCT Abuja, making a total of 37.

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CBN goes after Nigerians who collected COVID-19 loans, says repayment time up (Read reactions from debtors)

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Tags: COVID-19survial fundsYemi Osibanjo
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