The fund is a conditional grant to support vulnerable Micro, Small and Medium Enterprises (MSMEs) in meeting their payroll obligations and safeguard jobs losses.
The federal government has also released the timetable for categories of businesses to register.
“Nigerians interested in the Payroll Support scheme are to note that the site for registration will be open from 10 pm Monday, September 21, 2020. In order to ensure a seamless registration process, the Project Delivery Office (PDO) has designed a registration schedule.
The portal will be open to other categories of small businesses from 12 am, on Monday, September 28, 2020.
Those interested in benefiting from the fund were advised to log on to http://www.survivalfund.ng to register.
The scheme, which seeks to ameliorate the impact of the COVID-19, targets an average of 35,000 individuals per state.