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BOI pays 311,000 beneficiaries from payroll support scheme


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The Bank of Industry said it has verified over 64,000 companies that applied to benefit from the Payroll Support scheme of the Federal Government and paid 311,000 beneficiaries under the scheme.
A statement on Tuesday said the BOI Stakeholder Engagement Representative, Mr Akan Ekure, disclosed this while speaking in Abuja on Tuesday.
He said while some companies had received N50,000 for payroll support, beneficiaries from other companies were paid N30,000 based on salary grades before the pandemic.
He said, “We are here to celebrate the Payroll Support which is part of the MSME Survival Fund. The Federal Government during the COVID-19 pandemic came up with the Payroll Support Fund. ....

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