Welcome to our well researched article on Covid Relief Fund.
This article seeks to cover all the areas of the fund and answer the frequently asked questions often asked about the fund.
Incase you’re wondering who can apply and how the fund is being disbursed then you’re at the right place. Buckle up let’s get the ride started.
Covid has been a cankerworm in the lives of human since it was first discovered in Wuhan China and thousands of people have died from this deadly virus and up until now, the spread is still much in circulation. To this emd, the government of every country has mandated that certain prevention methods be used which ranges from washing your hands regularly with soap and water, wearing of face mask and of course making use of the hand sanitizer.
This notwithstanding, the various government agencies have come together to put up a fund that will aid in the relief of the economic impact posed by this menace.
Like in Nigeria for example, the Fund has been in place for more than a year now and still counting and reports are been given regularly.
In Nigeria for example, the honourable Mariam Katagum of the Federal Ministry of Industry, Trade and Investment has said the tracks of the MSME SFS intended to pad the impact of COVID on organizations even though it cannot be benefitted by all.
There are five tracks under the NESP endorsed by the Nigerian FEC (Federal Executive Council) in July 2020.
They include: Artisan and Transport Scheme, Payroll Support Scheme, Guaranteed Offtake Scheme, Formalization Support Scheme and General MSME Grants.
While briefing the Press on Tuesday, Mrs Katagum said the government has up to this point dispensed
56,842,780,000.00 Naira to 1,079,323 persons barring the as of late sent off Guaranteed Off-take Scheme yet a many individuals couldn’t share.
“Not every person will get. We work on a the early bird gets the worm premise on our information base. I’m simply illuminating you we had an enormous rundown sitting tight for us to ensure that we have arrived at a value of some sort or another,” she said.
Mrs Mariam Katagum additionally said the directing board of trustees responsible for the plans encountered a few mishaps while carrying out the plan.
She featured them to incorporate bombed installments, interconnectivity issues among banks and wrong bank subtleties with respect to the candidates.
On grumblings that there was insufficient exposure of the plan, the priest noticed that the panel circulated radio jingles, held municipal events, made fliers in various dialects and shared them in parks.
She additionally revealed that recipients were not given money however monies were dispensed to recipients’ record.
“No one gathered cash for the benefit of someone else. Certain individuals would rather not let their neighbors know that they really got this cash. Some admitted. Some will say really it is my companion that told me. I got however my companion didn’t get so they don’t tell,” she added.
Mrs Katagum said albeit, the rundown of recipients can’t be given to secure the information of recipients, it will anyway be imparted to the central government who she noted will eliminate the delicate data prior to unveiling it.
Breakdown of recipients
Giving a record of the past plans, she said for the Payroll Support Scheme, just 459,334 have benefitted out of the underlying objective of 500,000 recipients across the 36 States and the Federal Capital Territory (Abuja).
“Out of this number, we have recorded about 43% female-possessed organizations and about 3% exceptional necessities”, she added.
On the Artisan and Transport Scheme, the underlying objective was 333,000 Artisan and Transport recipients yet just 293,336 shared across the 36 States including the Federal Capital Territory.
The United States government are also swift in their relief scheme for citizens.
Below are the details of what you need to do to be eligible for the fund: