“As we speak, the Corporate Affairs Commission (CAC) is currently ramping up registration of new business names (250,000) for free to the MSMEs.

“By the end of December, we would have paid up 500,000 beneficiaries. It also means that we would have saved up to half a million jobs by December 2020 and will be on track to save additional 1.2 million by the end of the scheme,’’ the aide said.

He said there were five tracks in the entire scheme while the disbursement for the first track, the Payroll Support beneficiaries, commenced on Nov. 17.

According to him, 41,726 businesses have benefited from the payroll support track, accounting for over 238,868 staff who have benefited.

Among the beneficiaries, 2.6 per cent of Nigerians with special needs and 43 per cent of female employees benefited.

Other tracks are Transport and Artisan Grants, General MSMEs Grants, Formalisation of Business and Guarantee Off-Take.

He noted that the Project Delivery Office (PDO) overseeing the scheme, had been working closely with identified business clusters and collaborating with state governments to make the scheme impact on Nigerian citizens.

“All business clusters must be duly registered with the CAC, artisans benefiting under this scheme are not required to have numbers, requirement is for associations only,’’ he noted.

He urged Nigerians to call 07004005000 to verify any issue or any form of inquiries because the essence of the survival fund was to ensure that all MSMEs in the country survived.