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CBN’s N50bn COVID-19 fund disbursement begins Thursday See how to Apply

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CBN’s N50bn COVID-19 fund disbursement begins Thursday See how to Apply

The Federal government of Nigeria has disclosed that the Intervention fund provided by CBN will be disbursed on Thursday.

The fund, which is being managed by the NIRSAL Microfinance Bank, has received over 80,000 applications as at the time of writing this application.

Mr Abubakar Kure who told Punch News about the development disclose that the fund sharing will commence on Thursday or Friday.


FG to Transfer Money to Individual Bank Accounts Using the BVN – See Categories of People to Receive

The N50bn intervention is being financed from the Micro, Small and Medium Enterprises Development Fund.

In terms of limit, the loan amount would be determined based on the activity, cash flow and industry size of a beneficiary, subject to a maximum of N25m for SMEs.

Households can access a maximum of N3m while working capital would be a maximum of 25 per cent of the average of the previous three years’ annual turnover.

Click here to Apply



Bernard Bassey is a graduate of Software Engineering from AfriHUB University, Abuja. He is an expert in field journalism, his interest in socio-politics activities is keen.

13 Comments

13 Comments

  1. Abdulkadir Haruna Siraja

    Thursday, 9 July 2020, 12:36 at 12:36 pm

    I have apply for the covid 19 stimulus loans but unfortunately up till this moment I have not receive message as regard my application, the automated machine actually responds to my application that it was successful bt it was automated response that I will hear from them shortly since then no messages nothing n I have been looking forward to hear from them, thanks what might be responsible to delay in replying or a proving my loan request

  2. Mohammed Yusuf sidi

    Friday, 19 June 2020, 9:57 at 9:57 pm

    Am Mohammed Yusuf sidi l apply for covid19 lon but send the approval for me the ask me to send my account details and send since on 13 of this month the still ask me to send my account details if send the was telling me that your previously sent this information please help me tax check out

  3. Solomon Geoffry

    Wednesday, 17 June 2020, 6:14 at 6:14 pm

    I need loan, #150000, here is my account details, Solomon geoffry Gtbank,0450689232. Please help me seriously I will pay back.use for business.

  4. Aliyu Bala

    Friday, 24 April 2020, 9:25 at 9:25 pm

    The best way to apply is to use BVN and phone number lick to your business for you to apply direct from phone.

  5. Augustine Nwagor

    Friday, 24 April 2020, 7:29 at 7:29 am

    How can one apply please let me know ?. I have not applied.

    • Bernard Bassey

      Friday, 24 April 2020, 7:46 at 7:46 am

      Hello Augustine,

      Kindly follow the instructions to apply.

  6. wolex

    Thursday, 23 April 2020, 3:51 at 3:51 pm

    I have applied for the government money

  7. Panshak Gomwalk

    Thursday, 23 April 2020, 3:29 at 3:29 pm

    Their is no anything like apally in my state

  8. Muhammad shuaibu

    Thursday, 23 April 2020, 2:24 at 2:24 pm

    I have applied in FG money

  9. Hamza mande Muhammad

    Thursday, 23 April 2020, 2:23 at 2:23 pm

    I have applied in FG money

    • Augustine Ashibuogwu

      Saturday, 25 April 2020, 2:01 at 2:01 am

      My people pls how can I apply o pls, cos I really need the money,make me no how to apply pls

  10. Stanley

    Thursday, 23 April 2020, 8:50 at 8:50 am

    How can one apply

  11. Lafai Gayus

    Thursday, 23 April 2020, 8:22 at 8:22 am

    We appreciate the effort of govt

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