Connect with us

Nigeria News

How to Apply for 2021 NMFB CBN Covid-19 TCF Loan



CBN Covid-19 Loan Repayment: Applicants to the N50 billion credit facility, who have successfully completed the application processes and submitted their account details, should expect credit alerts 48 hours afterwards - CBN

The Central Bank of Nigeria has reopened its Application portal for interested Nigerians to Access up to N25 Million Targeted Credit Facility for COVID-19.

A stimulus package to support households and Micro, Small, and Medium Enterprises (MSMEs) affected by the COVID19 pandemic.

Interested Applicants are to visit for the Application guidelines.


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.

These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from the drop in global demand, declined consumer confidence, and the slowdown in production.

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.

Who Is Eligible?

1) Households: Households with verifiable evidence of livelihood adversely impacted by COVID-19 should visit to apply.

2) Microenterprises: Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic should visit to apply.

3) SMEs: Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic should visit to apply.

How It Works

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 the COVID-19 pandemic.

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.

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.



  1. Hassan galadima

    Thursday, 3 June 2021, 12:26 at 12:26 am

    Decline consumer definedece

  2. Abdullahi Adamu

    Sunday, 30 May 2021, 10:31 at 10:31 pm

    I Abdullahi Adamu Mairi Kuwt

Leave a Reply

Your email address will not be published. Required fields are marked *


    Discover more from SearchNGR

    Subscribe now to keep reading and get access to the full archive.

    Continue reading