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Covid-19 Support Fund for Individuals – How to Apply
The Central Bank of Nigeria (CBN) introduces a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic
The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, the lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.
Why the 50 Billion Naira Support Fund through Nirsal MFB?
These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from a drop in global demand, declined consumer confidence and slowdown in production.
FG begins disbursement of N10,000 to TraderMoni and MarketMoni – Apply
In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
How to apply for Nigeria Covid-19 Support Fund for Individuals
Below are three basic steps you need to take to apply for Covid-19 50 Billion Naira Support Fund.
- STEP 1
Submit An Application
The process is easy. You can begin on your phone, your tablet or your laptop.
Submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic. Click Here to Apply
- STEP 2
Approval
We review your application and forward the application to the CBN for final approval.
- STEP 3
Disbursement
CBN reviews applications and gives final approval for disbursement to NMFB
NOTE: This offers an avenue for loans to be processed for households based on verifiable evidence of the adverse impact of the COVID-19 on livelihood, as the major consideration for lending.
Simon Christiana
Tuesday, 30 June 2020, 8:57 at 8:57 pm
Please since i applied have not receive any response in my email, But others i did before have gotten their response from CBN. Please i want feedback to know if my registration got to the appropriate place. Thanks
rahim
Saturday, 20 June 2020, 6:16 at 6:16 am
Please how can i apply for the loan BVN is giving out…since the day lock down started, to feed is a problem, no money to buy food for eating, the little money i have is finished, to feed is a problem, i don’t have a dine with me, if they can loan me #50,000 i will be grateful, please someone should help me with a little he/she have, i have a family, a sister, a little brother & my mom, we are all starving please someone should help us🙏
unman Muhammad zogirma
Friday, 19 June 2020, 7:52 at 7:52 am
how could I apply the portal
Loveth Ogoegbulem
Saturday, 27 June 2020, 11:39 at 11:39 pm
Am finding it hard to register
john
Friday, 19 June 2020, 12:22 at 12:22 am
covid 19loan application
John
Friday, 19 June 2020, 12:20 at 12:20 am
okay
Kamilu yarima
Thursday, 18 June 2020, 8:05 at 8:05 pm
Iam interested on it
Jc
Thursday, 18 June 2020, 1:13 at 1:13 pm
I have applied for the Covid 19 loan but didn’t submit my bank details. What do I do?
Odumade
Thursday, 18 June 2020, 11:08 at 11:08 am
Good afternoon sir, I apply and since i hv.not seen any reply
zakariya
Wednesday, 17 June 2020, 11:39 at 11:39 pm
I rely need this lorn
UMARU MUHAMMAD
Tuesday, 16 June 2020, 6:37 at 6:37 am
Sir I apply but never hard any comment as my friends have it 5 days now
Donatus G Nentapka
Monday, 15 June 2020, 5:31 at 5:31 pm
I need this loan please
Jonah Justice
Monday, 27 April 2020, 4:25 at 4:25 pm
Good afternoon sir,please how can I apply because I seriously need the money people are dying because of the lockdown of the corona virus no food thanks.
Gaddafi sanusi
Monday, 15 June 2020, 3:42 at 3:42 pm
Sir good afternoon pls hw we will apply we opened the website but are not working sir pls help us
Bernard Bassey
Monday, 15 June 2020, 4:13 at 4:13 pm
The portal is under construction for now but will be back in a short while.
Ndububa Emejuru
Monday, 27 April 2020, 12:04 at 12:04 pm
Please how can I apply
Bernard Bassey
Monday, 27 April 2020, 12:21 at 12:21 pm
Hello, Kindly use the Apply Now Button.
Ndububa Emejuru
Monday, 27 April 2020, 12:02 at 12:02 pm
Well done nice work
Divine Uduma
Friday, 24 April 2020, 10:12 at 10:12 pm
Please how can I get an assistance for surviving things re hard for me please help me
Mary m
Friday, 24 April 2020, 8:52 at 8:52 am
How can I apply
Bernard Bassey
Friday, 24 April 2020, 10:07 at 10:07 am
You can help by contributing a token to individuals around you. You can also send your support to SearchNGR Fund Raising Platform.
ADEDEJI SUNDAY OLUWASEUN
Thursday, 23 April 2020, 1:26 at 1:26 pm
How can i apply for the loan,please i really need it
Bernard Bassey
Thursday, 23 April 2020, 1:32 at 1:32 pm
Yes, you can apply, kindly use the Apply Now button.
ADEDEJI SUNDAY OLUWASEUN
Thursday, 23 April 2020, 1:05 at 1:05 pm
Please how can i apply? I really need this loan
Ola grace offikwu
Thursday, 23 April 2020, 8:43 at 8:43 am
My business is going down even I don’t have any money to feed my children any more to feed my three children my husband lost his job since last year is the profit am making from the business that we re using to feed I need help with somgrae to start up the business
Bernard Bassey
Thursday, 23 April 2020, 9:05 at 9:05 am
Grace fall on you, kindly send us your account details through the registered email. 2k fall on you.
Iliya abubakar usman
Thursday, 23 April 2020, 8:39 at 8:39 am
Great for the nageria government we appreciate for the support
Muhammad Yahaya Dan'uwa
Thursday, 23 April 2020, 8:29 at 8:29 am
how can I apply
Iyang joshua ijim
Thursday, 23 April 2020, 8:15 at 8:15 am
Good job