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How to access the N50 billion CBN Covid-19 intervention fund for SMEs

CBN introduced an N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and micro, small and medium enterprises (MSMEs) that are affected by the coronavirus pandemic

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The novel coronavirus outbreak has a severe impact on the livelihood of households and business activities resulting to drop in global demand for goods and services, declined consumer confidence, and a slowdown in production among others.

The Federal Government through the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance, Budget, and National Planning have announced some monetary and fiscal measures to help mitigate the impact of the coronavirus pandemic on the economy, Nigerian businesses, and households.

The CBN on its own, through various circulars and pronouncements, has announced some stimulus packages that will impact different sectors like the health sector, Micro Small and Medium Enterprises (MSMEs), manufacturers, households, and so on.

The apex bank introduced an N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and micro, small and medium enterprises (MSMEs) that are affected by the coronavirus pandemic

Why it matters: The TCF was designed to cushion the adverse effects of COVID-19 on households and MSMEs; support households and MSMEs whose economic activities have been significantly disrupted by the COVID-19 pandemic, and to stimulate credit to MSMEs to expand their productive capacity through equipment upgrade and research and development.

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A. Who is TCF meant for?:

In the operational guideline for the facility, the CBN listed participants who are eligible to apply for credit from this facility. They are as follows;

  • Households with verifiable evidence of livelihood adversely impacted by the coronavirus outbreak;
  • Existing enterprises with verifiable evidence of business activities adversely affected as a result of the coronavirus pandemic (as part of its consistent review, CBN has declared that eligible applicant does not need to have a business plan),
  • and firms in agricultural value chain activities.
  • Hospitality industry (accommodation and food services)
  • Airline service providers
  • Health (pharmaceuticals and medical supplies)
  • Manufacturing/value addition
  • Trading and other income-generating activities as may be prescribed by the CBN.

B. Source of fund

The scheme shall be funded from the Micro, Small and Medium Enterprises Development Fund (MSMEDF) and the eligible participating financial institution for the scheme is NIRSAL Microfinance Bank (NMFB).

This means the CBN will be sourcing the fund from its MSME development fund which will be administered through NIRSAL Microfinance Bank. Thus, while the CBN will be providing the funds, applicants will have to apply for the loan through NIRSAL Microfinance Bank.

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C. How to access the fund 

There are two modalities here to consider. According to the CBN’s circular issued on March 23, 2020, the modalities apply to either Households/MSMEs or Corporate entity.

For Households/MSMEs,

  • The first step is for an eligible household to submit an application to NIRSAL MFB, which must, among others, contain BVN number, business registration (where applicable) and business plan with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic
  • NMFB shall appraise and conduct due diligence applications
  • Upon satisfactory appraisal of application, NMFB shall forward the applications to the CBN for final approval,
  • Then, CBN reviews applications and gives final approval for disbursement to NMFB.

Thus, applicants must endeavor to provide the documents listed above which are mostly basic. If you do not know how to write a business plan, you can get someone to help you with it.

For corporate entities

  • Like their MSMEs counterparts, applications are submitted to NMFB with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic.
  • Also, NMFB shall appraise and conduct due diligence applications,
  • After a satisfactory appraisal of the application, NMFB shall forward the applications to the CBN for final approval.
  • CBN reviews applications and gives final approval for disbursement to NMFB.

Though, applicants may suffer certain setbacks due to communication gaps on the part of NMFB. For instance, one of the potential applicants, Kolade Emmanuel took to Twitter to make an enquiry about the loan that has not received feedback from the bank after one month. When Nairametrics contacted him, he said, “I have not heard from the bank in about one month after I have followed all necessary processes.”

https://twitter.com/KoladeE97306594/status/1240989369491755008?s=20

D. Loan Terms

Loan Limit

There are different criteria used to determine the loan amount that is disbursed to different eligible participants and segments. They are:

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  • SMEs- The loan amount shall be determined based on the activity, cash flow and industry/segment size of beneficiary subject to a maximum of N25 million for SMEs
  • Households- They can access a maximum of N3 million. Working capital shall be a maximum of 25% of the average of the previous 3 years’ annual turnover. But where the enterprise is not up to 3 years in operation, 25% of the previous year’s turnover will suffice.

Interest Rate

The CBN in its circular on the guidelines for the implementation of this facility stated that the interest rate under the intervention shall be 5% per annum (all-inclusive) up to February 28, 2021, and thereafter, the interest on the facility shall revert to 9% per annum (all-inclusive) as from March 1, 2021.

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Loan Tenor

The guideline states that the loan for working capital shall be for a maximum of one year, with no option for rollover. As for the term loan, a maximum tenor of not more than 3 years with, at least, one-year moratorium.

Collateral Requirement 

The guideline states that the collateral to be pledged by the beneficiaries under the programme shall be as may be acceptable by NIRSAL MFB, but may include

  • Moveable asset(s) that is duly registered on the National Collateral Registry (NCR);
  • Simple deposit of title documents, in perfect state
  • Irrevocable domiciliation of proceeds;
  • Two acceptable Guarantor and
  • Personal Guarantee of the promoter of the business
  • Life insurance of the Key Man, with NMFB noted as the First Loss Payee
  • Comprehensive insurance over the asset

E. Responsibilities of Stakeholders

Responsibility of the CBN

  • Provide the seed fund for the scheme.
  • Release funds to NIRSAL MFB for disbursement to successful applicants
  • Review the guidelines of the facility as may be necessary
  • Receive and process periodic returns from NIRSAL MFB
  • Monitor and evaluate the implementation of the scheme by NIRSAL MFB.

Responsibility of  NIRSAL MFB

they have the following responsibilities,

  • Validate the status and BVN of the applicants
  • Process and disburse funds to approved beneficiaries
  • Maintain records of all beneficiaries and disbursements
  • Forward periodic returns on the prescribed format on the scheme to CBN
  • Comply with the guidelines
  • Carry out any other duties as the CBN may prescribe from time to time.

F. Exit date:

The exit date of this intervention is December 31, 2024. It should be noted that this framework from CBN shall be subject to review from time to time as may be deemed necessary by the apex bank.

Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

180 Comments

180 Comments

  1. Shuaibu abubakar

    April 21, 2020 at 10:32 pm

    How do we access this

    • CHUKWUEMEK JUSTUS IHEANACHO

      April 27, 2020 at 6:43 am

      i have a plan to start up big farming here in abuja,as my quota to contribute to food security against covid 19 evil agenda, so i need loan to start up this business, thank you, as i look forward to hear positively from your reputable office.

      • Jesse omaojo odibs

        May 21, 2020 at 2:31 am

        Where I get the form?Am planing to train pig in my community, is selling very well over three.

        • Felix Zakaria

          June 17, 2020 at 9:07 am

          My name is Felix Zakaria from kaduna state,I am into buying and selling of grains,so please I need money to establish my bussinss

          • Roseline Mathew

            June 20, 2020 at 12:11 pm

            Please,I am into farming ( commercial) how may i access this CBN laon? Very much interested in it.

        • Oni Emmanuel Olatunde

          June 21, 2020 at 3:58 pm

          My name is Oni E. Olatunde From lagos Please am into Aluminium buy and selling business so I need a loan to start the business back.

        • Bernard Amaize Ailemen.

          July 29, 2020 at 5:10 pm

          I am into oil palm trees and plantain farming. I have a large palm tree plantation likewise that of plantain. I wish to expand both plantations. I am interested in the loan facility and I need financial assistance. I will be glad to receive support so as to contribute my own quota to the food security programme.

      • Udoh Samuel sunday

        June 13, 2020 at 7:14 pm

        Pls how can one apple an get the found with out knowing any body I’m seriously in need of funding pls someone help put me though .

        • Ogunyemi Moses

          July 16, 2020 at 10:12 am

          Please how can I have the loan without collateral, I am into business of buying and selling of raw palm trees nuts before this pandemic, I am from Ogun State in Nigeria. I wish to hear from you on time.

      • Joseph

        June 24, 2020 at 10:45 am

        I need more clarification, as an individual, can i apply for this loan, I want to start transport business?

    • NGOZI ANYABUOKE CAROLINE

      April 30, 2020 at 10:06 am

      My name is Mrs Ngozi Anyabuoke of Chidingozi international limited I am a trader and I am very much interested in this CBN loan during this pandemic please teach me how to acess this loan Thanks.

      • Ikwu Adah Joseph

        May 9, 2020 at 4:21 pm

        My name is Ikwu Adah Joseph, a graduate,I have a small business centre, I am interested in this covid 19 loan to expand my business. I need some equipment to boost the business

        • Anonymous

          June 22, 2020 at 2:08 am

          I received mine already,just Pray the almighty God remember you oh. Smiling always now 15m in the bank

          • Yunus

            June 28, 2020 at 6:25 am

            Pls how did you access d site

          • Godwin

            June 30, 2020 at 6:15 pm

            I am Godwin from gwagwa,me and my mom is into pure water factory business,but due to this pandemic that surfaces we couldn’t raise the funds to Foster the business…
            We look forward to getting this loan to help our family and also the district in which our business will be situated ..

      • Adeleke Timilehin

        June 14, 2020 at 4:07 am

        Please how to access and register to households loan.

      • Onobun Felix

        June 21, 2020 at 12:59 pm

        Please how do I access this loan? I want to start buying and selling business since I have lost my job due to covid-19 pandemic.

    • Mubarak Ahmad

      June 15, 2020 at 10:36 am

      We really appreciate but I didn’t get my money

      • Nelson

        June 21, 2020 at 9:09 pm

        please tell me how to apply since you’re expecting the money it means you already applied thanks

      • Egwu ikechukwu

        June 28, 2020 at 3:31 am

        please iam ikechukwu Egwu from abia, am into palm oil production and marketing in small scale, I need this loan to get back to my business, since I’m badly affected by this corona virus outbreak.
        I will be pleased if you can teach me how to access the loan.

    • Stella Akeni

      June 25, 2020 at 10:09 am

      Am into drinks business since 2018 and I have much customers but my capital is low I can’t meet up to my customers need pls CBN I need your help am so interested in the loan,I and my family depends on the business pls help me my business is dying

    • Echoga shaibu

      June 25, 2020 at 12:30 pm

      I have searched to obtain the form for the covid 19 cbn loan application without success. I was adversely affected due to distance from my home to my chicken farm. I had to sell my 5 months layers as spent layers. After three months of lockdown and spent over 60% of money realized from the sale of the layers, no funds to go back to the business. Kindly assist for direction on where and how to obtain this fund. Bank doors are closed.

    • Emmanuel ezihe

      June 30, 2020 at 1:45 am

      Pls I need your help Nigeria’s

    • Aboh ebiotu

      July 4, 2020 at 6:56 pm

      Good day, i also registered for the loan but have not received. Please help me out

    • Nnawuihe Wisdom

      July 21, 2020 at 8:24 am

      My submission Sir, the cooperatives have no good intentions for there members and most registered people are not members of cooperatives they are only informed about the CBN coverb19 intervention loan so the apply through the agents who registered cooperatives with corrupt mindset please we believe the CBN have there Stand in fight against corruption. Because I have about 80 people I registered through a man that informed me about the CBN Covid 19 intervention loan only to see his list of how he will disburse the said loan when it comes to his cover as a cooperative hope they public will have a complent line to call during disbursement

    • Imukah Uwaoma

      September 13, 2020 at 10:37 pm

      I need the FG loan to start up my poultry business

  2. John Amachi Nwachukwu

    April 22, 2020 at 1:30 pm

    Good afternoon
    I’m John Amachi Nwachukwu
    From J. Pic photographics & Multimedia Company
    I want to access the CBN Loan
    Thanks.

  3. Anthony Ibekwe

    April 22, 2020 at 3:59 pm

    My name is Anthony Ibekwe. I am very much interested in the loan. Please, direct me on how to apply for the loan.

  4. Omofurieta Praise Eddy

    April 22, 2020 at 5:34 pm

    My name is Omofurieta Praise Eddy,How do I apply for the loan

  5. AMADI ONYEBUCHI

    April 22, 2020 at 5:42 pm

    My Name is AMADI ONYEBUCHI I am interested in the laon please how do I go about it thanks

  6. Babalola Olayiwola

    April 22, 2020 at 5:58 pm

    My is babalola shakiru Adebare from convenient solution Enterprise direct me on how to obtain the form and were to submit it pls am interested

    • Edward Omorogbe

      June 15, 2020 at 9:55 pm

      I’m a poultry farmer, I need the loan to expand my farm

  7. JIRGBA BEEGU

    April 22, 2020 at 6:13 pm

    My name is Jirgba Beegu. I am interested in the loan. I sell food items.

  8. Temitope Raphael Ifeolu

    April 22, 2020 at 6:33 pm

    How can someone is not in Abuja apply for this loan MIRSAL MFB is not in our state.

    • Augustine Ogedegbe

      June 17, 2020 at 4:21 am

      Ever since this covid-19 pandemic started in Nigeria, my poultry farm business started dwindling. Please,help me with this loan to revive it to my laid down standard. Thanks

    • Bello Aisha

      July 1, 2020 at 7:14 pm

      My name is aisha Bello I need the loan to continue with my business,I sales kitchen items

  9. Olayinka Olaitan Joseph

    April 22, 2020 at 7:52 pm

    Pls am interested in the loan how pls direct me on how to get the loan application.

    • Anonymous

      April 24, 2020 at 10:10 pm

      Please how do I apply for the loan

      • Yomi

        May 17, 2020 at 12:44 am

        How to apply for the loan is simple, just go to Google, type Covid-19 loan, it will take you to nirsal microfinance page. Remember the stress in obtaining this loan is not easy, because of the guarantor that is requested, it may frustrate your effort…

        • Olaopa christianah teniade

          June 26, 2020 at 7:13 pm

          Plz how do I apply for the loan application on which site plz

  10. Olayinka Olaitan Joseph

    April 22, 2020 at 7:56 pm

    Pls am interested in the loan how pls direct me on how to get the loan application. My contact is 08034035765

  11. Okereke Christy

    April 22, 2020 at 10:11 pm

    Please, my name is Mrs Christy Okereke, how can I apply for the the loan and please on which site.08033807373

    • Jesse Odiba

      May 21, 2020 at 2:36 am

      My name is Jesse odiba.Am instreated in the loan, how do I get form

    • Ajah Ogechi

      June 30, 2020 at 10:03 am

      My name is Ogechukwu Ajah, am a business mogul, I deal in Bitcoin and other cryptocurrency, I want to you people to help me in this CBN loan to invest in Bitcoin and move more higher, I promise to pay back in no time. Thanks. Please show me the way to loan.

  12. Anonymous

    April 22, 2020 at 10:11 pm

    Pls am Hilary uchechukwu Obianuka am interested how can I get it?

  13. Anonymous

    April 22, 2020 at 10:15 pm

    Please am Hilary uchechukwu Obianuka from Anambra state am interested pls how can get it

  14. Hilary uchechukwu Obianuka

    April 22, 2020 at 10:19 pm

    Please am Hilary uchechukwu Obianuka from Anambra state am interested pls how can get it

  15. triumph

    April 22, 2020 at 11:05 pm

    how can i get the loan

    • Abubakar sagiru

      June 14, 2020 at 11:36 am

      How do I apply for this loan and I want to know the website

      • s aid u i d ri s w a z i r i

        June 17, 2020 at 10:43 am

        How can I apply for the covif1²covif1²covid 19 loan

  16. Anonymous

    April 22, 2020 at 11:30 pm

    Plz how can I apply I have interest in the loan, plz how do I get the application

  17. Ibrahim

    April 22, 2020 at 11:34 pm

    Plz how can I get the application form I have interest in the loan plz

  18. Alfred

    April 23, 2020 at 12:08 am

    Please how can I get access to the loan

  19. Anonymous

    April 23, 2020 at 1:52 am

    I am Aghogho Benedict. I am interested in the loan. I can I access it. NIRSAL Micro finance bank is not in my state.

  20. Osoko Opeyemi Johnson

    April 23, 2020 at 1:59 am

    Please I am interested on this loan application , kindly send an application form to my mail box

    • Emmanuel Boniface

      June 22, 2020 at 11:13 pm

      My name is Emmanuel Boniface I have a pig farm with over 20 pigs, due to covid 19 lockdown I lost my pigs to disease, now I want to start up my farm no capital at hand pls I need ur help.

  21. Sanmi oni

    April 23, 2020 at 3:33 am

    I’m interested in the loan. How can I access it?

  22. Sanmi oni

    April 23, 2020 at 3:36 am

    My name is Sanmi. I am interested in the loan. How can I access it?

  23. Destiny Ediagbonya

    April 23, 2020 at 4:16 am

    I am Ogiemwonyi Ediagbonya Destiny, an artist (printing,drawing panting) and farming, requesting for the CBN loan

  24. Kehe Yohol Noah

    April 23, 2020 at 4:48 am

    My name is Noah Kehe I have interest in the cbn vivid 19 loan how an I apply

  25. Olarinde abayomi olaiya

    April 23, 2020 at 5:35 am

    How can someone apply for this loan self

  26. Racheal kwalzoom kwaphoor

    April 23, 2020 at 6:24 am

    Am Racheal kwalzoom kwaphoor, please will to like to access the CBN loan am a farmer I got to know about it yesterday please thanks.Rach

  27. Anonymous

    April 23, 2020 at 9:11 am

    Your site is not accessible, l have been able to register but could not do the application

  28. Olaka, Osaro Olaka

    April 23, 2020 at 9:11 am

    I want to access to loan, kindly direct me on how to apply for it. Thanks

  29. Mary

    April 23, 2020 at 9:23 am

    I have been clicking on the link but it says 403 forbidden, can the loan still be accessed or its over, i need a reply.

  30. Salami Olalekan Ali

    April 23, 2020 at 9:38 am

    To the appropriate authority,Pls millions of Nigerians are in the dark about this new information as we were only told that the federal government will disburse money to the less privileged in the lockdown areas or states affected & bvn is what we were told as the government ‘s measures to know who & who that needs the money the most. Please what & where do we have to fill an application before we could count ourselves qualified,pls we need fast response????

  31. Orenisile bolanle mary

    April 23, 2020 at 10:19 am

    Am interested in applying for the loan. Pls how can one apply. Contact number is 08052208388

  32. B.K.K TRANSPORTATION NIGERIAN LTD

    April 23, 2020 at 10:20 am

    I HERE TO APPLY FOR CBNCOVID19 LOAN OF 50 MILLION NAIRA UNDER MY COMPANY B.K.K TRANSPOTATION NIGERIAN LTD TO CONTINUE MY TRANSPOTATION BUSINESS

  33. John femi

    April 23, 2020 at 10:21 am

    I’m interested in taking this loan. Can you please direct me on the modalities to follow. This is my contact number 07034408823 [email protected]

  34. AUGUSTUS QUEEN OSATOHANMWEN

    April 23, 2020 at 10:51 am

    My name is AUGUSTUS QUEEN OSATOHANMWENT I want to access the loan how do i go about it

  35. Anthony Ogbebor

    April 23, 2020 at 1:25 pm

    Good day,

    Please, I need the form to apply. How do I get the form.

  36. akinwande adesola

    April 23, 2020 at 2:21 pm

    i am interested in the loan , how can i access it pls ?

    • Anonymous

      April 23, 2020 at 2:23 pm

      please how can i apply for the loan?

  37. Eddy Ogubuike

    April 23, 2020 at 2:30 pm

    Am Eddy Ogubuike from Meriddy Associate Nigeria LTD. Am interested in Covid 19CBN loan. Please, direct me on how to apply for the loan.

  38. Mr Levy Adoyi

    April 23, 2020 at 2:45 pm

    Why is there no application form online to access the 50 billion business loan declared by CBN to help businesses affected by covic-19 pandemic

  39. Eddy Ogubuike

    April 23, 2020 at 2:54 pm

    Eddy Ogubuike . Am interested in Covid 19CBN loan. Kindly assist on how to apply for the loan.

  40. Affon David Babatibde

    April 23, 2020 at 3:38 pm

    would like to have the form for application how do I get it

  41. Samuel

    April 23, 2020 at 5:05 pm

    My Samson am interested on this covid 19 CBN loan,pleace direct me on how to apply for the loan please.

    • Ogbuji Precious Ikenna

      June 28, 2020 at 1:57 pm

      I have a farm worth more than nine thousand (9,000) capacity of fish and one thousand capacity of bird (1,000) but recently I couldn’t continue the business because of lack of funds. Pls how sure am I that I will get this loan.

  42. Aniekan Okpoho

    April 23, 2020 at 5:07 pm

    My name is Aniekan OKPOHO ASUQUO I am interested in the loan. How do I go about it.

  43. toyin olalere

    April 23, 2020 at 5:39 pm

    Comment:toyin olalere selling tailor material i need the loan

  44. Adaobi Nnamani (Okenkwa)

    April 23, 2020 at 6:14 pm

    My name is Adaobi Nnamani, I am interested in the CBN loan pls how do I apply

  45. Matilda Sotonye lkpuku

    April 23, 2020 at 6:38 pm

    Comment: My name is Matilda Sotonye lkpuku I’m interested, how can I access the loan

  46. Gabriel essang

    April 23, 2020 at 8:05 pm

    Please can you assist me on how to apply for the loan, thanks. My number…….09026529281

  47. dauda Ibrahim adesina

    April 23, 2020 at 8:22 pm

    Comment:my name is dauda Ibrahim adesina I want the loan please how can I get the form ?

  48. Danladi John

    April 23, 2020 at 8:40 pm

    Danladi john; Am interested in Covid 19CBN loan. Kindly assist on how to apply for the loan.

  49. Adaobi Nnamani (Okenkwa)

    April 23, 2020 at 8:51 pm

    Pls someone should help me on how to apply for d loan pls

  50. Gambo Josephine musa

    April 23, 2020 at 10:01 pm

    Please how do I apply and where should l go to obtain the form or drop my application with because l am seriously affected can’t even afford to pay my workers salary .I need this covic 19 intervention fund

  51. OJEKINLE CHRISTIANAH

    April 23, 2020 at 10:37 pm

    how can someone apply for it because website of NIRSAL MFB IS NOT OPEN

    • Jimoh Ibrahim

      June 13, 2020 at 2:23 pm

      Good day sir/ma. I’m interested in the CBN loan. I want invest the money in animal husbandry. We all knows that this is a business that sell. I’m pleading to the Federal government to come to my aid in order to make this come through. I will like you to send me the links for the application of the loan.Thanks for your understanding.

  52. Kayode Anthonia Ngozi

    April 23, 2020 at 11:29 pm

    I am interested in the loan please so I can get a better place and to boast my business. Thanks in anticipation

  53. Chinonye Amadi

    April 24, 2020 at 1:38 am

    How then do I apply for the loan

  54. Simeon

    April 24, 2020 at 3:25 am

    Please I need the form for the CBN Covid-19 load …. Thanks

  55. Wealth ohikere

    April 24, 2020 at 7:23 am

    My name is wealth ohikere how do I access the cbn covid 19 loan,[email protected] and my phone no is 08146898597

  56. Agu Onwuka Okenwa

    April 24, 2020 at 9:31 am

    Good day,
    I’m interested in applying for the covid-19 CBN loan. I’ll be grateful if I get an assistance on how to get the form to apply.

    Best regards,
    Agu Onwuka Okenwa.

  57. Ladan Endurance

    April 24, 2020 at 10:42 am

    Pls, iam interested in the loan,I need to know how to apply.

  58. Eniola Olayinka Olusanya Roberts.

    April 24, 2020 at 11:21 am

    Good morning my name is Eniola Olayinka Olusanya Roberts,I own a egg depot,I want to access the CBN intervention fund,please how do I go about it thanks.

  59. Charles Kenechukwu

    April 24, 2020 at 12:55 pm

    The syte is no longer conecting, how do I apply?

  60. DIBIA Chukwuemeka Raymond

    April 24, 2020 at 1:12 pm

    Good afternoon I am interested in the CBN Loan. How do I apply.

  61. KAYODE ONIFADE

    April 24, 2020 at 2:37 pm

    My name is KAYODE ONIFADE, I have registered but never receive any update concerning my registration either approved or not

  62. Anonymous

    April 24, 2020 at 6:44 pm

    my name is OKAFOR OKWUDIRI ANSELM i am into motor and motorcycle spare parts how can i get the CBN loan

  63. Anonymous

    April 24, 2020 at 6:51 pm

    my name is OKAFOR OKWUDIRI ANSELM i am into motor mororcycle spare parts how can i apply for CBN loan

  64. OKAFOR OKWUDIRI ANSELM

    April 24, 2020 at 6:54 pm

    my name is OKAFOR OKWUDIRI ANSELM i am into motor mororcycle spare parts how can i apply for CBN loan

  65. Ebubechukwu Uzo

    April 24, 2020 at 8:44 pm

    Since there is total lock down, please direct me on how to apply on line. Thanks. Uzo.

  66. Anonymous

    April 24, 2020 at 10:13 pm

    Please how do I apply for the loan

  67. Ekwurugo

    April 24, 2020 at 10:15 pm

    How do I apply for the loan

  68. Junaid Abdullahi

    April 24, 2020 at 10:25 pm

    I am interest how can i apply for it, My number is 08166267468

  69. YAHAYA G. MUDIYAKAM

    April 24, 2020 at 10:39 pm

    I AM YAHAYA GEORGE MUDIYAKAM
    HOW DOES THIS AFFECT THOSE WHO HAVE APPLIED THROUGH SMEDAN AND HAVE SUBMITED LOAN APPLICATIONS TO NIRSAL MICRO FINANCE BANK?WE HAVE BEEN DIRECTED TO OPEN ACCOUNTS WITH NIRSAL WHICH WE DID.CAN ONE APPLY AGAIN?

  70. Pendulum Logistics Services

    April 24, 2020 at 11:32 pm

    am interested in the loan

  71. Anonymous

    April 25, 2020 at 12:24 am

    Pls my name is Callista Ndidi Umeyor, I supply chemicals, pls I need the CBN loan . how can I access it?

  72. ROSSYHENRY

    April 25, 2020 at 3:39 am

    Comment:my name is HENRY ROSSY pls i need help on how to apply for this loan.

  73. IGWE HAPPY

    April 25, 2020 at 6:40 am

    Good morning my name is Igwe Happy I own a poultry farm Please I want to access the CBN intervention fund. Please how do I go about it, am in Port Harcourt. Thanks

  74. Florence omieworio

    April 25, 2020 at 8:37 am

    Good morning sir, my names are Florence omieworio, from Rivers state, I own a fish farm and cassava farm in rivers state, I want to access the CBN loan how am I going to do it, the intervention fund, pls help thanks for your understanding.

  75. Dada Kazeem Olatunbosun

    April 25, 2020 at 8:39 am

    I am Dada Kazeem Olatunbosun. I am an artisan. Hardworking, serious and dedicated. Specialize in Painting and Interior Decorations. I need intervention fund to grow the business because I’m seriously affected by the Corona virus situation, even before now, survival has been tough

  76. Dada Kazeem Olatunbosun

    April 25, 2020 at 8:45 am

    Comment: How can I access the fund

  77. Dada Kazeem Olatunbosun

    April 25, 2020 at 9:02 am

    Comment: I am Dada Kazeem Olatunbosun. I specialize in Painting and Decorations. I am interested in the Covid-19 intervention fund for smes.
    How do I go about accessing it?

  78. Kenny

    April 25, 2020 at 11:19 am

    I’m Kenny green farm, I want to apply for loan for grass cutter farming

  79. Anonymous

    April 25, 2020 at 12:06 pm

    my name is abubakar yusuf,an i am interested,i am bussiness man expecially in poultry ,how can i find the form?

  80. Dorothy Nwadike

    April 25, 2020 at 1:52 pm

    My name is Dorothy Nwadike. I am a small scale entrepreneur. How do I access this fund.

  81. Salihu yusuf

    April 25, 2020 at 2:44 pm

    I’m salihu I’m interested in the loan pls how can I get the loan

  82. Anonymous

    April 25, 2020 at 5:19 pm

    My name Ajie Sunday from Delta please how can I access the loan

  83. Ajie Sunday

    April 25, 2020 at 5:24 pm

    I m from Delta a farmer how can I access the loan

  84. Aliyu muhammed

    April 25, 2020 at 10:37 pm

    I’m Aliyu Muhammad by name, I applied for this loan early this week, hoping to hear from CBN soon. God bless the federal republic of Nigeria

  85. Anonymous

    April 25, 2020 at 10:47 pm

    Iam Mfonido Bassey, pls how can I access this loan. I’m very much interested because covid 19 has really affected my food processing business. 0

  86. Brenda

    April 26, 2020 at 12:31 am

    Brenda Idigo, would love to access the fund, direct me on how to go about it thanks.

    • Brook Eshchol

      May 7, 2020 at 12:52 pm

      How many household can meet this criteria?
      Isn’t this another scam of the elitist regime to dupe the poor and give the rich, or better still to disadvantage a section to the advantage of another section of the country

  87. JOHN ONUOHA UKOMA

    April 26, 2020 at 5:18 am

    AM INTERESTED ON COVID 19 CBN LOAN DIRECTIVE ( HOUSEHOLD), KINDLY SEND ME AN APPLICATION FORM ON THE EFFECT TO MY MAIL BOX. THANKS

    • Chinedu

      April 26, 2020 at 3:36 pm

      We are farmers from detal state and we need more information about the loan thanks

  88. David Oyetunde

    April 26, 2020 at 12:25 pm

    Your office in Kano

  89. Timothy nwachukwu

    April 26, 2020 at 6:02 pm

    Please sir my name is Timothy nwachukwu I am a businessman I need a loan from cbn to boom my fashion business

  90. EMMANUEL

    April 27, 2020 at 2:06 am

    please how can i access this loan am a service provider that covid 19 has affected serious please help

  91. Inyang Udo Inyang

    April 27, 2020 at 5:36 am

    Good work, my name is Inyang Udo Inyang, please I need the loan.

  92. Samaila Zubairu

    April 27, 2020 at 10:25 am

    My name is samaila zubairu iam interested in this cbn loan, how i will go about it, and where your agent can be contacted in Zamfara State.

  93. Adegbola Ayomide Opeyemi

    April 27, 2020 at 2:16 pm

    Am a poultry farmer who needs financial support in my business. How can I access the SME’s loan.

  94. Olufemi Babatunde

    April 27, 2020 at 3:37 pm

    I want to appy for the loan, kindly direct me to the appropriate authorities to apply. Am into bottle water business over 5 year and need to develop and upgrade the business.

  95. Is'ma'il Umar

    April 27, 2020 at 4:36 pm

    I’m Engr,by profession I have a welding and fabrication company I want to apply for the loan in order to develop my company services

  96. FELIX OKPATA

    April 27, 2020 at 8:12 pm

    Am interested pls
    Felix David Okpata
    How do I get the form
    Thanks

  97. Folashade kolawole

    April 27, 2020 at 8:46 pm

    How do i apply for the loan

  98. Ismaila Mohammed Nasiru

    April 27, 2020 at 8:56 pm

    My name is Ismaila Mohammed Nasiru.I am a civil servant with the federal government of Nigeria, and also a part time farmer.My station Federal ministry of works and housing, housing sector Bauchi.The farm is in Bauchi town or out scerts.

  99. Ismaila Mohammed Nasiru

    April 27, 2020 at 9:02 pm

    My name is Ismaila Mohammed Nasiru.I am a civil servant with the federal government of Nigeria, and also a part time farmer.My station Federal ministry of works and housing, housing sector Bauchi.The farm is in Bauchi town or out scerts.My contact number is 08026722617.God bless the federal republic of Nigeria.

  100. Okwuokei Ogechukwu Celestina

    April 28, 2020 at 12:48 pm

    My name is okwuokei Ogechukwu C. Iam a business woman also a farmer. Iam married with four kids. Iam in need of this cbn palliative loan to enable me bounce my business back and also enlarge my farm. Pls, how do I access this loan?.

  101. Steve Glo

    May 6, 2020 at 2:21 pm

    God bless Nigeria.
    Sir, where is our sense of humanity as we see in other countries where financial relief is given to their people as palliative measures during this pandemic? Here you are giving out loans with interest to further increase the people’s burden at a time like this when nothing thrives.
    This money in my own discretion should be SHARED to all Nigerians to help themselves out their predicaments AND NOT LOANS!!!
    Thank you sir.

  102. Oloyede mufuta

    May 11, 2020 at 6:19 pm

    My name is oloyede mufutau.. I’m interested in the cbn perlliative loan.. pls how do i get the form

  103. Anonymous

    May 15, 2020 at 8:12 am

    https://nmfb.com.ng/ u can access it from this site. Please make sure u download the guidelines and read through before applying.

  104. Kelechi

    May 15, 2020 at 10:56 am

    Please am very much interested in the loan for my poultry business. Please can someone tell me how to access the loan???

  105. Paul Nnanna Martins Obasi

    June 8, 2020 at 6:30 am

    My name is Paul Nnanna Martins Obasi, I need this covid 19 loan to enable me start my business again after lock down. How can I access the loan?

  106. Anonymous

    June 9, 2020 at 8:07 am

    Am pastor Sunday Ebenezer C, l want start palmkernel business but l do no have fund please how do l apply ?

    • Anonymous

      June 13, 2020 at 10:43 am

      Good day sir, am Alice l want to know if this loan is still accessible. And how do l get to apply for it to reboost my business. Thank you sir

  107. Abubakar Muhammad Bello

    June 9, 2020 at 3:11 pm

    I am Abubakar Muhammad Bello,i apply for this CBN covid19-support since last month.Hoped to see your reply.Thanks may Almighty God blesse Nigeria.

  108. Odii Kingsley

    June 10, 2020 at 7:50 am

    Sir, I wish to access the loan to start poultry farm in my locality, to augment the acute shortage of meat within my area as occasioned by the impact of the COVID-19 problem. I need direction on how to apply, thanks

  109. OBC

    June 10, 2020 at 9:12 pm

    I received an SMS for me to confirm my application but I got to the part of the T&C I couldn’t understand what they were saying about interest of 5% in all, and 9% in all.
    I really wish you’d make that part clear to me because I don’t want to run into legal problems I can’t stand.

  110. Anonymous

    June 12, 2020 at 11:38 am

    Am so interested in that loan I to start up my business

  111. Anonymous

    June 12, 2020 at 12:08 pm

    JOEL OMOTOSHO
    I am Mr Joel, a resident of Abuja, i m teaching in a private school in kubwa, since there is no school in session, students would not pay school fees, no salary for teacher, the school has tried their best in giving us half salary last month and there is no hope of getting salary this month because there is no school. I need this loan to go to business of selling foodstuffs in kubwa market, I am into farming but there is no land, the indigenes are not ready to lease their lands. Only God knows how my family will survive this month, I m married with two kids, please help me I want to work, to hustle, I applied in march but my name did not come out, I need your help.

  112. Omotosho Joel

    June 12, 2020 at 12:13 pm

    How can I access the household loan because I was hit badly by the lockdown I work with private school, I want to have my private business of bringing foodstuffs from villages to kubwa.

  113. Nnenna adimoha

    June 12, 2020 at 10:51 pm

    Pls I need the loan,how do I apply,I want to open my private business on selling baby pampams.

  114. Ringsum Harvey Obed

    June 13, 2020 at 12:35 pm

    My Name is Ringsum Harvey Obed, Pls i want to know more about this CBN Loan. even though i started my business not long a (not up to a year) and not registered, how will i access this loan, thanks

  115. Paul

    June 13, 2020 at 12:44 pm

    Hi how can I apply for this..
    I really need this cash

  116. Abel Richard

    June 13, 2020 at 9:53 pm

    Hope one can still apply,how can one apply? Thanks.

  117. Ibrahim Salisu

    June 14, 2020 at 9:18 am

    Am Ibrahim Salisu from zamfara am a rice farmer, I want this loan in order to improve more productivity how can I access it please?

  118. ISAH

    June 15, 2020 at 11:54 am

    I m ISAH SANI am berry berry happy to dis program because he Hall all Business in Nigeria I apply found I need dis loan because my business.tnx

  119. Joseph Ifeanyi

    June 16, 2020 at 8:52 pm

    Hello. Am Ifeanyi. Am a fish farmer with the intention of restocking. Please how do i access this loan in other to help me in my business.

  120. Ajala Olaiwola

    June 17, 2020 at 3:31 am

    Please, how do I access the loan? I diversify into livestock farming and need to move ahead, I have really been badly affected. Things have slowed down because of movement.

  121. Prince famous Ogbonna

    June 17, 2020 at 8:55 am

    Am a graduate of political science from the University of Abia state, pls how can one asses the application form for these cbn covid19 loan, am really in need of it so as to expand my poultry farm business which was really affected by these world pandemic, thanks!

  122. Rufaya Zumunta

    June 18, 2020 at 12:17 am

    I have plan to start up a farm here in Bauchi to support Federal Government on how to stop spread of Covid 19

  123. Agada chikodi Angela

    June 18, 2020 at 2:19 pm

    My loan has been approved since last week. And I validated my bvn. But since then till now they have not credited me

  124. Chuks Kelvin A

    June 20, 2020 at 6:08 pm

    Good evening to you. I own a photo studio which I combine with tubers and grains farming in the FCT here. Please how do I locate this NIRSAL MFB in Abuja for the application form sir ? I really need to revive my business from this pandemic’s hit. Thanks in anticipation for response.

    • Stanley imoisil

      June 24, 2020 at 3:32 pm

      Please I am a printer I really need to buy some latest machines so that my business can grow how do u help me to access the loan

  125. Akingbade dayo

    June 21, 2020 at 6:45 pm

    Hello world’ my name is Akingbade dayo from osun state I’m here by indicate my self as one of the farmers in osun specialise on coa coa farming and Palm oil, the purpose of my comment is that I need backup of money seriously for my farming aspect immediately please help me up with it on time please, I will be gladly happy if my request can be favorable granted. Thanks

  126. Akpanke Bernard itiunbe

    June 23, 2020 at 11:27 am

    I am Mr Bernard Akpanke itiunbe. How can I access the loan.

  127. Ugwuegede Promise

    June 23, 2020 at 4:45 pm

    Please I a need the loan, I want to go into farming and apparel. I already applied but I don’t know how long it will take. Please, if there’s any way you can help process mine please help, I want to go into farming as soon as possible. Thank you

  128. Igwedinma Theresa

    June 23, 2020 at 5:16 pm

    Dear Chike

    I want to go into Fish farming, I have under gone training but need start up finance.
    The Covid 19 pandemic has slashed source of in come drastically.

    Kindly assist me to apply for this intervention fund.

    Thank you

  129. Nwulu Caleb

    June 24, 2020 at 10:23 am

    Hi Am Caleb Nwulu by name,Reside in port harcourt, please how do i access the household loan, am done with my business plan and has also opened an account with Micro finance bank and was told to apply online but it’s not working online, when i logged in, it will direct me to (microsoft) which it’s not accepting my number nor Email.
    Thanks

    • Odekunle Oyeyemi Martha

      June 25, 2020 at 10:42 am

      Good morning sir/ma, My name is Odekunle Oyeyemi Martha. I’m into catering with a registered company name(Yummy chefs ent) and sales of groceries. I need the loan to upgrade my business. Thank you.

  130. Doris Chinasa Nnamani

    June 24, 2020 at 11:47 am

    Please I need the loan am into clothes sales, my name is Doris Chinasa Nnamani , thank you

  131. SALAWU TEMITOPE

    June 27, 2020 at 7:49 am

    I have an existing small scale agro-processing business where we produce palm kernel oil and supply to the big firms for the production of refined vegetable oil and soap production. a reasonable part of the business capital meant for importing major raw material(palm kernel) had been stocked with the abroad supplier as a result of COVID-19 movement restriction. the business now need your help to access the loan to at least get raw material locally so as to keep the business at the pace of production and keep paying the staff salary in other to reduce the rate of unemployment that has been increasing in our locality as a result of COVID-19.

  132. Nwankwo Frank Uchenna

    June 28, 2020 at 9:43 am

    My name is Nwankwo Frank U. im into fashion and design business, we make clothes both unisex. Pls how can I apply for the loan

  133. Salisu Dauda

    June 28, 2020 at 9:27 pm

    My name’s are Salisu Dauda Akilu from Toungo local Government Adamawa state. I’m into commercial faming, I seriously need’s this loan. How can I get it.

  134. Salisu Dauda

    June 28, 2020 at 9:41 pm

    My name is Salisu Dauda Akilu from Toungo LGA Adamawa state I’m in to local commercial farming business. How can I get the loan?

  135. Zaiyanu ali

    July 1, 2020 at 1:02 am

    Pls ho will i apply the site

  136. IDRIS ADAMU TALBA

    July 4, 2020 at 12:38 pm

    Please how can I get access to the application form, I’m very much interested in the loan. Thank you

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Energy

BREAKING: It makes no sense for oil to be cheaper in Nigeria than Saudi Arabia – President Buhari

Nigeria sells petrol at N161 per litre when the same is sold at higher in Saudi Arabia, Egypt, Ghana, Chad, and Republic of Benin.

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NDDC, Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him

The Federal Government has said that it does not make sense for oil to be cheaper in Nigeria than Saudi Arabia, Egypt, Niger Republic and Republic of Benin, other oil-producing nations.

This was disclosed by President Muhammadu Buhari during his Diamond Jubilee Presidential Broadcast to mark the nation’s 60th independence anniversary on Thursday.

He said, “We sell petrol at N161 per litre when same is sold at higher in Saudi Arabia, Egypt, Ghana, Chad, and Republic of Benin among others. It does not make sense for petrol to be cheaper in Nigeria than Saudi Arabia and other oil producing states.”

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Tech News

Google launches Chromecast with Google TV

Google unveils the Chromecast device to stream contents from Walt Disney Co’s Disney+ and Netflix.

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Google set to extend footprints with acquisition of smartwatch company, Fitbit  , Google wants to start banking with you ,Google partners Flutterwave to train 5,000 merchants, Google to pay Online publishers for high quality contents

Alphabet Inc’s Google, some hours ago, launched Chromecast with Google TV, a hardware platform designed to show contents from leading streaming services like Walt Disney Co’s Disney+ and the most popular streaming service company, Netflix.

The tech juggernaut unveiled the Chromecast streaming device that now comes with a remote control. It will cost $49.99 in the U.S, and will be available in other countries by the end of 2020.

The real advantage this device holds looks to be the underlying search smarts that serve as the foundation for so much of what Google does. Here’s the company discussing the new feature in a blog post:

“Google TV’s For You tab gives you personalized watch suggestions from across your subscriptions organized based on what you like to watch—even your guilty pleasure reality dramas. Google TV’s Watchlist lets you bookmark movies and shows you want to save for later.

You can add to your Watchlist from your phone or laptop, and it will be waiting on your TV when you get home. 

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Best of all, you’ll also have access to thousands of apps and the ability to browse 400,000+ movies and TV shows sorted and optimized for what you like—ask Google Assistant to see results from across your favorite apps, like YouTube, Netflix, Disney+, Stan, 9Now and ABC view, among others.”

The new Chromecast with Google TV comes in a compact and thin design and is packed with the latest technology to give you the best viewing experience. It neatly plugs into your TV’s HDMI port and tucks behind your screen.

Hardware composition:

  • Switching it on, the new Google Tv comes with a crystal clear video in up to 4K HDR at up to 60 frames per second in no time. With Dolby Vision, you’ll get extraordinary color, contrast, and brightness on your TV.
  • The Hardware also supports HDMI pass coupled with Dolby audio content.

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Coronavirus

COVID-19 Update in Nigeria

On the 30th of September 2020, 201 new confirmed cases and 1 death was recorded in Nigeria

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The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 58,848 confirmed cases.

On the 30th of September 2020, 201 new confirmed cases and 1 death was recorded in Nigeria, having carried out a total daily test of 2,549 samples across the country.

To date, 58,848 cases have been confirmed, 50,358 cases have been discharged and 1,112 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 509,555  tests have been carried out as of September 30th, 2020 compared to 507,006 tests a day earlier.

COVID-19 Case Updates- 30th September 2020,

  • Total Number of Cases – 58,848
  • Total Number Discharged – 50,358
  • Total Deaths – 1,112
  • Total Tests Carried out – 509,555

According to the NCDC, the 201 new cases were reported from 13 states- Lagos (77), Rivers (37), Plateau (25), FCT (13), Kaduna (12), Ogun (12), Adamawa (8), Taraba (7), Imo (4), Kwara (2), Osun (2), Abia (1), Oyo (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 19,461, followed by Abuja (5,709), Plateau (3,450), Oyo (3,261), Edo (2,626), Rivers (2,432), Kaduna (2,419), Ogun (1,850), Delta (1,802), Kano (1,737), Ondo (1,631), Enugu (1,289), Ebonyi (1,040), Kwara (1,036), Abia (895), Gombe (883). Katsina (861), Osun (839),  Borno (745), and Bauchi (699).

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Imo State has recorded 572 cases, Benue (481), Nasarawa (450), Bayelsa (399),  Jigawa (325), Ekiti (321), Akwa Ibom (288), Niger (259), Adamawa (248), Anambra (237), Sokoto (162), Taraba (102), Kebbi (93), Cross River (87), Zamfara (78), Yobe (76), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

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The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

 

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