MSME Survival Fund: Reason Why Business Owners Are Not Been Paid

MSME Survival Fund: Reason Why Business Owners Are Not Been Paid

The committee in charge of MSME Survival Fund have made known why Business owners have not been paid in the ongoing massive payment.

If you are among the MSME Survival Fund Applicants, then you will be happy to read this FG Begins Massive Payment Of Survival Fund Payroll & MSME Grant

According to the committee which was led by Mrs. Miriam Katagum revealed that Business Owners were not included in the program as direct beneficiaries, but rather as indirect beneficiaries.

She went further to explain that:

“Business Owners will save what they could have used in paying their workers, so the committee decided that if at all Business owners benefited in the first tranche of payment, that was because other states didn’t meet their quota, so there were fewer beneficiaries”.

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Another member of the committee, Mr. Johnson Laolu Akande, said the committee will submit a progress report to the vice president by the end of this month (June 2021) and thereafter to the president where recommendations will be made requesting an extension of the program.

According to him, he stated:

“We are sure that success was achieved through this scheme because a lot of businesses did not lay off during the pandemic”.

You may also want to read FG Urges Verified Applicants To Be  Patient As Payment Continues.

They also went further to assure Employees who were verified on the portal will surely be paid.

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MSME Survival Fund: Reason Why Business Owners Are Not Been Paid