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Home Business News Coronavirus

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

Abiola Odutola by Abiola Odutola
March 11, 2021
in Coronavirus, Financial Literacy, MSME, Spotlight
parallel market, Covid-19: N3.5 trillion disbursed as stimulus package for the Nigerian economy, CBN Vs NESG: Waving the white flag for the benefit of Nigerians, Exchange Rate Unification: CBN devalues official rate to N380/$1, Nigerian banks have written off N1.9 trillion impaired loans in past 4 years, CBN sandbox operations, Stirling Trust Company Limited, Key highlights of the October 2020 Business Expectations Survey Report, A Total of N3.5 trillion was disbursed in the wake of the COVID-19 pandemic, in addition to several other interventions to reflate the economy - CBN, BOFIA 2020: Steps forward or backwards for Nigerian banks, Total credit to the economy rose to N19.54trillion – CBN Governor

CBN Governor Godwin Emefiele

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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.”

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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 N25m.

Registration for fresh applications RE-OPEND!

Visit to register https://t.co/NPPh71eVNx kindly share for others.

— Bashir Ahmad (@BashirAhmaad) March 10, 2021

Dear customers, the loan application portal is up and running. Please continue your application process pic.twitter.com/lIFQUzSLgs

— Nirsal Microfinance Bank (@NirsalMFB) March 10, 2021

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.

Related

Tags: MicroSmall and Medium Enterprises (MSMEs)

Comments 32

  1. Ijeoma Pepertua Uche says:
    March 11, 2021 at 7:47 am

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

    Reply
    • Godfred Jacob says:
      March 13, 2021 at 9:13 pm

      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.

      Reply
  2. A. J. Kings says:
    March 11, 2021 at 3:29 pm

    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.

    Reply
    • OGBONNA CHRIS says:
      April 3, 2021 at 5:04 pm

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

      Reply
    • David says:
      May 21, 2021 at 1:14 am

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

      Reply
    • Haruna Allhassan enagi says:
      July 25, 2021 at 1:26 am

      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

      Reply
  3. Felix Ogbogo says:
    March 11, 2021 at 9:05 pm

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

    Reply
  4. Adeyemi Stephen says:
    March 12, 2021 at 2:09 pm

    I tried to register severely but rejecting my bvn

    Reply
    • Anonymous says:
      March 13, 2021 at 9:16 pm

      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.

      Reply
  5. Okpi Erinma says:
    March 12, 2021 at 5:17 pm

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

    Reply
  6. Mohammed musa says:
    March 12, 2021 at 5:44 pm

    Anguwan hausawa b hong

    Reply
  7. Aki Guideme Nyeme says:
    March 12, 2021 at 7:11 pm

    How do I benefit

    Reply
  8. Abubakar haruna says:
    March 13, 2021 at 4:44 pm

    I want to great business.

    Reply
  9. Wendy says:
    March 22, 2021 at 4:41 am

    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….

    Reply
  10. Anthony Vivian odinaka says:
    April 1, 2021 at 12:23 pm

    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

    Reply
  11. Anthony Vivian odinaka says:
    April 1, 2021 at 12:39 pm

    Pls help check mine hv applied for awhile now I need to bounce back in business

    Reply
  12. HARUNA Allahassan.enagi says:
    May 6, 2021 at 5:50 am

    Good morning everyone in this platform indeed assist for the loan

    Reply
  13. Zulkiflu saidu dogo says:
    May 29, 2021 at 10:23 am

    Keep me updated

    Reply
  14. Adams says:
    June 11, 2021 at 10:41 pm

    Good day pls keep me in line

    Reply
  15. akindipo lawrence o says:
    June 17, 2021 at 10:12 am

    have registered but nothing was done to it since last three month now and no reply why

    Reply
  16. Ndidi says:
    June 18, 2021 at 2:49 pm

    Mine is still showing BVN does not exist,please any help?

    Reply
  17. Abdullah Adamu says:
    June 18, 2021 at 10:49 pm

    Tale

    Reply
  18. Debbie says:
    June 19, 2021 at 4:32 pm

    Mine is showing BVN doesn’t exist, I got sms got d mail and it got approved but each time I login it’s showing BVN doesn’t exist. Pls any advice

    Reply
  19. Mukhtar Musa Muaz says:
    June 26, 2021 at 4:00 am

    please when are you approving me to got my loan support ihave really eager to start a good business for my self please approve approve approve.

    Reply
    • Ismaeel muhammad adam says:
      August 7, 2021 at 6:02 pm

      Please when are you approving me to got my loan

      Reply
  20. Gideon ogbonna nwaoye says:
    June 28, 2021 at 9:45 pm

    Ples since four month ago i register when I use my bvm to cherck all dosnt exist wtat else will l do to aprovy loan

    Reply
  21. gideon says:
    July 13, 2021 at 1:57 am

    Since march I regester 2021 til nown no show is it by selection or what can my money will refund

    Reply
  22. ABDULLAHI NAFIU says:
    September 5, 2021 at 12:44 pm

    I apply since jannuary 2021 and i still apply last month august so i wish to review my applications, abdullahinafiu060@gmail.com

    Reply
  23. Bashir rabiu says:
    October 6, 2021 at 9:44 am

    I Bashir rabiu Am apply since 2020 but now no any information come to me sir please help me thanks

    Reply
  24. Khabiru tata musa says:
    October 12, 2021 at 11:10 pm

    I keep on applying an has get the loan

    Reply
  25. Musa A. Abdullahi says:
    February 4, 2022 at 8:11 pm

    Good day everybody, i apply since last year and i was not approved, please what can i do in other to boost my business.

    Reply
  26. Abdulaziz wakili says:
    May 6, 2022 at 9:51 am

    I was apply and I don’t any information

    Reply

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