The Central Bank of Nigeria in collaboration with NIRSAL Microfinance Bank has initiated a 50 billion naira intervention fund to help support those in need of financial support for their personal wellbeing or SMEs growth.
This fund is given to only those who are adversely affected by the COVID-19 or whose businesses are adversely affected by COVID-19.
An individual can get up to N3 million and Businesses can get up to 25 million.
The N50bn intervention is being financed from the Micro, Small and Medium Enterprises Development Fund and application have been opened about a week ago.
Currently, more than 80 application has been submitted, if you are yet to submit an application kindly click the link below to apply.