Business News
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
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.
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.
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:
- 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.
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.
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Corporate Press Releases
Transcorp Hotels launches Aura, an online marketplace for accommodation and experiences
Nigeria’s largest hospitality brand launches a new platform for booking vacation homes, holiday lets, and experiences.
Africa’s leading hospitality brand Transcorp Hotels Plc. has announced the launch of Aura, a new digital platform through which people can book accommodation, restaurants, and experiences.
The new brand, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.
“It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc., Dupe Olusola said.
“For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.
The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.
Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”
“To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.
Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.”
Working with thousands of partners across Nigeria and different cities in Africa, Transcorp Hotels Plc. is building the continent’s largest platform for people-driven hospitality. While travellers enjoy the right selections at the best prices on Aura, hosts can also earn a lot of money by receiving guests in their unoccupied homes and sharing the local culture with them.
For travellers who would rather stay in hotels, Aura also has a great selection of some of the best hotels in every city.
With the launch of Aura, Transcorp Hotels Plc. has further cemented its leadership in the hospitality industry and reinforced its commitment to innovation and superior guest experience across different demographics.
Guests and hosts can sign up at aura.transcorphotels.com to start booking or hosting. The service is currently available in Nigeria only, but the company said plans are already in place to expand to major cities in Africa.
Transcorp Hotels Plc is one of Africa’s leading hospitality companies, committed to redefining service standards across the continent while remaining truly and authentically African.
Aura by Transcorp
Aura is Africa’s best platform for connecting travellers with great accommodation, good food, and memorable experiences. The platform is also an avenue for people with unoccupied homes, hotels, restaurants, or different skill sets that may interest others can earn an income by becoming hosts.
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 ..
Abbey
October 20, 2020 at 12:56 am
What does it take u to get the loan?
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
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.
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.
Omofurieta Praise Eddy
April 22, 2020 at 5:34 pm
My name is Omofurieta Praise Eddy,How do I apply for the loan
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
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
JIRGBA BEEGU
April 22, 2020 at 6:13 pm
My name is Jirgba Beegu. I am interested in the loan. I sell food items.
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
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
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
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.
Anonymous
April 22, 2020 at 10:11 pm
Pls am Hilary uchechukwu Obianuka am interested how can I get it?
Anonymous
April 22, 2020 at 10:15 pm
Please am Hilary uchechukwu Obianuka from Anambra state am interested pls how can get it
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
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
emeka
November 11, 2020 at 1:11 pm
pls how can i be helped my loan have been approved but my bvn needs validation whch i ve not been able to get till now
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
Ibrahim
April 22, 2020 at 11:34 pm
Plz how can I get the application form I have interest in the loan plz
Alfred
April 23, 2020 at 12:08 am
Please how can I get access to the loan
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.
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.
Sanmi oni
April 23, 2020 at 3:33 am
I’m interested in the loan. How can I access it?
Sanmi oni
April 23, 2020 at 3:36 am
My name is Sanmi. I am interested in the loan. How can I access it?
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
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
Olarinde abayomi olaiya
April 23, 2020 at 5:35 am
How can someone apply for this loan self
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
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
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
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.
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????
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
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
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]
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
Anthony Ogbebor
April 23, 2020 at 1:25 pm
Good day,
Please, I need the form to apply. How do I get the form.
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?
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.
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
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.
Affon David Babatibde
April 23, 2020 at 3:38 pm
would like to have the form for application how do I get it
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.
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.
toyin olalere
April 23, 2020 at 5:39 pm
Comment:toyin olalere selling tailor material i need the loan
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
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
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
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 ?
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.
Adaobi Nnamani (Okenkwa)
April 23, 2020 at 8:51 pm
Pls someone should help me on how to apply for d loan pls
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
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.
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
Chinonye Amadi
April 24, 2020 at 1:38 am
How then do I apply for the loan
Simeon
April 24, 2020 at 3:25 am
Please I need the form for the CBN Covid-19 load …. Thanks
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
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.
Ladan Endurance
April 24, 2020 at 10:42 am
Pls, iam interested in the loan,I need to know how to apply.
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.
Charles Kenechukwu
April 24, 2020 at 12:55 pm
The syte is no longer conecting, how do I apply?
DIBIA Chukwuemeka Raymond
April 24, 2020 at 1:12 pm
Good afternoon I am interested in the CBN Loan. How do I apply.
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
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
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
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
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.
Anonymous
April 24, 2020 at 10:13 pm
Please how do I apply for the loan
Ekwurugo
April 24, 2020 at 10:15 pm
How do I apply for the loan
Junaid Abdullahi
April 24, 2020 at 10:25 pm
I am interest how can i apply for it, My number is 08166267468
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?
Pendulum Logistics Services
April 24, 2020 at 11:32 pm
am interested in the loan
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?
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.
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
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.
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
Dada Kazeem Olatunbosun
April 25, 2020 at 8:45 am
Comment: How can I access the fund
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?
Kenny
April 25, 2020 at 11:19 am
I’m Kenny green farm, I want to apply for loan for grass cutter farming
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？
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.
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
Anonymous
April 25, 2020 at 5:19 pm
My name Ajie Sunday from Delta please how can I access the loan
Ajie Sunday
April 25, 2020 at 5:24 pm
I m from Delta a farmer how can I access the loan
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
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
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
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
David Oyetunde
April 26, 2020 at 12:25 pm
Your office in Kano
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
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
Inyang Udo Inyang
April 27, 2020 at 5:36 am
Good work, my name is Inyang Udo Inyang, please I need the loan.
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.
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.
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.
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
FELIX OKPATA
April 27, 2020 at 8:12 pm
Am interested pls
Felix David Okpata
How do I get the form
Thanks
Folashade kolawole
April 27, 2020 at 8:46 pm
How do i apply for the loan
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.
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.
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?.
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.
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
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.
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???
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?
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
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.
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
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.
Anonymous
June 12, 2020 at 11:38 am
Am so interested in that loan I to start up my business
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.
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.
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.
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
Paul
June 13, 2020 at 12:44 pm
Hi how can I apply for this..
I really need this cash
Abel Richard
June 13, 2020 at 9:53 pm
Hope one can still apply,how can one apply? Thanks.
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?
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
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.
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.
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!
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
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
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
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
Akpanke Bernard itiunbe
June 23, 2020 at 11:27 am
I am Mr Bernard Akpanke itiunbe. How can I access the loan.
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
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
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.
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
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.
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
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.
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?
Zaiyanu ali
July 1, 2020 at 1:02 am
Pls ho will i apply the site
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
Mujitabba Ahmed maibargo
October 28, 2020 at 2:06 pm
My name is mustapha Ahmed from kano state I want improve my business such as building & selling etc please how should I got this loan ? The portal de open up till now ?
Ijeoma Ogbulafor
December 9, 2020 at 2:47 am
Please how can I access the loan