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Covid-19 Support Fund for Individuals – How to Apply

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Covid-19 Support Fund for Individuals - How to Appl

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.



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.

29 Comments

29 Comments

  1. 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

  2. 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🙏

  3. 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

  4. john

    Friday, 19 June 2020, 12:22 at 12:22 am

    covid 19loan application

  5. John

    Friday, 19 June 2020, 12:20 at 12:20 am

    okay

  6. Kamilu yarima

    Thursday, 18 June 2020, 8:05 at 8:05 pm

    Iam interested on it

  7. 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?

  8. Odumade

    Thursday, 18 June 2020, 11:08 at 11:08 am

    Good afternoon sir, I apply and since i hv.not seen any reply

  9. zakariya

    Wednesday, 17 June 2020, 11:39 at 11:39 pm

    I rely need this lorn

  10. 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

  11. Donatus G Nentapka

    Monday, 15 June 2020, 5:31 at 5:31 pm

    I need this loan please

  12. 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.

  13. 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.

  14. Ndububa Emejuru

    Monday, 27 April 2020, 12:02 at 12:02 pm

    Well done nice work

  15. 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

  16. 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.

  17. 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.

  18. ADEDEJI SUNDAY OLUWASEUN

    Thursday, 23 April 2020, 1:05 at 1:05 pm

    Please how can i apply? I really need this loan

  19. 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.

  20. Iliya abubakar usman

    Thursday, 23 April 2020, 8:39 at 8:39 am

    Great for the nageria government we appreciate for the support

  21. Muhammad Yahaya Dan'uwa

    Thursday, 23 April 2020, 8:29 at 8:29 am

    how can I apply

  22. Iyang joshua ijim

    Thursday, 23 April 2020, 8:15 at 8:15 am

    Good job

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