How to Benefit From The Federal Government’s ₦75bn Survival Fund

How to Benefit From the Federal Government’s ₦75bn Survival Fund

Different countries in the world have released different types of fund to cushion the economic shock created by the deadly COVID-19. Federal Government of Nigeria under the administration of President Muhammed Buhari have recently joined the clique of those countries. The scheme targets 35,000 individuals per state.

The Federal Government released the timetable for the application for the survival fund. The survival fund is a conditional grant for the vulnerable Micro-Small and Medium Enterprise (MSMEs). 

₦2.3trillion naira was totally released by the Federal Government out of which, ₦75bn naira was allocated to the MSMEs. The registration for the payroll started on Monday 22nd September 2020 by 10pm for the educational institutions. The portal will open for business in the hospitality on 25th September 2020 by 12am while the portal will be available for business in the other sectors from 28th September 2020 by 12am.  The first set of business to apply for the business is the educational institutions. This will be followed by the MSMEs in the hospitality institutions (like hotels)

How to register to access FG’s N75bn


The company must:
• Be registered with the Corporate Affairs Commission (CAC). If you're yet to register your company, you can check out our article on how to do that now.

The BVN of the CEO should be readily available.
• The business must have staff strength minimum of 3.
• The business must be owned by a Nigerian.
• The business must operate in Nigeria.
• The tax identification number-TIN (optional).
• Corporate account details.
• Proof of previous payroll to the employees.

For a self-employed business to qualify to access this fund; they must be a service provider in the transport sector like Bus/Taxi, hailing services like Uber/Taxify and mechanics. Artisans like electricians, plumbers are also eligible for this fund. Tailors, hairdressers, make-up artists and other self-employed business in the similar milieu also qualify to apply for this Payroll support.

If you have the details above; then, we can go to the next step of the registration. The other remaining details that one needs to complete this survival fund includes:

  - First Name
  - Last Name
  - Phone Number
  - Email Address
  - Date of Birth
  - Residential Address (with proof e.g., Utility bill)
  - Residential LGA
  - Residential State

N/B: The website that was widely published for the application is survivalfund.ng. The website has long been changed. Although the website redirects to the new portal. It is noteworthy that the new website for the application is survivalfundapplication.com.

Now that I have given an overview of the Federal Government Payroll scheme, let me take you through the step by step guide on how to enter your details.

Step1: Visit Survivalfundapplication.com

How to Benefit From the Federal Government’s ₦75bn Survival Fund

On the left side of the website, click the state here button. This will take you to the registration page where you have to choose the category of the business that the business fell into. 

Step2: Select the category of the business 

How to Benefit From the Federal Government’s ₦75bn Survival Fund

You can see that they are three categories listed. The MSMEs payroll support is available for jobs and local businesses. The MSME grant provides grants to sectors in the manufacturing, hospitality etc. while the Guaranteed Offtake will take charge of the micro and small businesses alike. Because the only tab available at the time of this post is the payroll support, I am going to use it for illustration purposes.

How to Benefit From the Federal Government’s ₦75bn Survival Fund

Now that you have gathered all the details required of you for the application, it is time to enter your details. Kindly complete the form and follow the prompts. Once the form is completed, you will have to wait for like 2-5minutes to get the confirmation code. Endeavour to stay logged in the website while making waiting for the confirmation. 

Make sure that you have access to the email used and also the phone number.  Ensure that you have all the required details handy while making the application to ensure that you do not make mistake in filling out the form.


I believe that this article has mirrored the necessary information that one might need to benefit from the federal government survival fund. Many businesses that were affected by the COVID-19 lockdown might be seeing this opportunity as the safe haven to pick up again. I was in Fiatlogistics.com (China procurement and shipping company) to pick my items on Monday, many of the top people in the mini-Importation milieu with registered business were very eager to pick the opportunity to grow their business. A friend of mine who is a make-up artiste is also set to try her luck. I believe that it will be nice if every other young Nigerian does similarly.

Uzu Chidiebere Uzu


I am a digital marketer and Social media manager.

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