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.”
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.
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.