NEWS FLASH

BOI PAYS 311,000 BENEFICIARIES FROM PAYROLL SUPPORT SCHEME

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. ABOUT 64, 000 COMPANIES HAVE BEEN VERIFIED WHILE ABOUT 311,000 BENEFICIARIES HAVE GOT THIS FUND NATIONWIDE. HE SAID THE FUND IS TO SUPPORT THEIR SALARIES FOR THREE MONTHS AND WE HAVE BEEN GIVING N30,000 TO N50,000 FOR THREE MONTHS TO BENEFICIARIES.