Beneficiaries of GEEP have been advised to repay their loan to enable them get a higher loan and access to other products.
Approval will range from N250, 000 to N50million with a spread across group applications.
The plan had been approved to help small businesses pull through these challenging times.
The indigenous oil firms have accessed 90% of the $200 million Nigerian Content Intervention Fund set aside by the NCDMB.