FG targets 500,000 employees under survival fund scheme
10 days ago
The Federal Government has announced a plan to support over 500,000 employees with a N30,000 one-off grant, noting that the initiative is to cushion the effects of COVID-19 on the business community.
The fund being disbursed by the Bank of Industry (BoI), has seen over 311,000 employees benefit.
Speaking at the payroll support activation ceremony in Lagos, the Senior Associate, Bank of Industry, Emmanuel Musa, explained that the 311,000 beneficiaries represent about 65 per cent of the target, maintaining that the survival fund is a five-component programme.