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CBN/NIRSAL reopens portal for MSMEs, individuals to access up to N25 million

CBN reopened the portal for MSMEs and households affected by COVID-19 to access up to N25 million.

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has reopened its portal for Micro Small and Medium Enterprises (SMEs) and households affected by COVID-19 to access up to N25 million.

This was disclosed by the Personal Assistant to President Muhammadu Buhari on New Media, Bashir Ahmad, via his Twitter handle on Wednesday.

He tweeted, “The CBN, through @NirsalMFB introduces a stimulus package to support households and MSMEs affected by the COVID-19 pandemic. An individual can access up to N25million.”

READ: Nigerian Stock Exchange unveils e-filing portal

Click here to register.

READ: CBN disburses N10bn intervention funds to Kano industries affected by pandemic

What you should know

  • The Federal Government had announced that the MSME Survival Fund Payroll Support Portal would be exceptionally reopened for 30 states that had been unable to meet their quotas, according to Nairametrics.
  • The government, in its announcement, said that the scheme is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees.



Comments 33

  1. Ijeoma Pepertua Uche

    Please am trying to register but it’s not acknowledging my BVN, please what do I do

    1. Godfred Jacob

      If it’s showing invalid BVN or network connection error. Erase ur BVN & retype it, when u scroll up you’ll be told to wait while it been processed. Just keep trying, I had the same experience but I eventually got it.

  2. A. J. Kings

    A GOOD PROGRAM BUT POORLY IMPLEMENTED.
    Most people who registered under the CBN-NIRSAL AGSMEIS Loan scheme and were trained by CBN accredited institutes who submitted their business plans since last year are yet to hear from NIRSAL. This is one program that would have turned the economic fortune of Nigeria around. So let CBN arise to their responsibility as a regulator and monitor NIRSAL closely.

    Thanks.

    1. OGBONNA CHRIS

      I have applied since 2020 till now nothing hard from NISRAL, please can someone help meeee.

    2. David

      As we went for the training waiting, registered untill now no call nawoo!!…

    3. I need this to inlarge my rise farm I am a farmer that’s why I am here to take advantage of loan thanks for asist

  3. Felix Ogbogo

    The link to apply is broken…. Nigeria government with their many wahala

  4. Adeyemi Stephen

    I tried to register severely but rejecting my bvn

    1. Anonymous

      If it’s showing invalid BVN or network connection error. Erase ur BVN & retype it, when u scroll up you’ll be told to wait while it been processed. Just keep trying, I had the same experience but I eventually got it.

  5. Okpi Erinma

    My bvn is being rejected. Please what do I do?

  6. Aki Guideme Nyeme

    How do I benefit

  7. Wendy

    I’ve been trying to register for well over a week now, it’s always the same thing. Wouldn’t let me go beyond stage 4. Soon as i get to stage 4, it will just go blank. So frustrating….

  8. Anthony Vivian odinaka

    Have applied for awhile now buh it has not been approved pls can I kw why cus am down and I need to get busy so to take care of my sick mum

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