CBN COVID-19 N25M 2022/2023 Support Loan for Second Batch – Apply Here Online

How to Apply for COVID-19 Loan Second Batch Reopen Get Up To N25M (NMFB CBN)

CBN N25 COVID-19 Support Loan | The Central Bank of Nigeria (CBN)  introduces a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic

CBN N25 COVID-19 Support Loan

Central bank of Nigeria has reopen portal for second batch COVID-19 Loan. Access up to N25 Million COVID-19 loan, Federal Government Loan, How to obtain COVID-19 Loan, the requirement to Apply for COVID-19 Loan second batch.

A stimulus package to support households and Micro, Small, and Medium Enterprises (MSMEs) affected by the COVID19 pandemic.

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This second batch COVID-19 Loan application is mainly for the Household, Microenterprises, SMEs and Nigeria youth that did not apply before. and that if by one reason or the other you did not apply or you apply but it was not successful, this is the opportunity to re-apply  again before is too late.

The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, the lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.

These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from the drop in global demand, declined consumer confidence, and the slowdown in production.

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In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small, and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

Eligible

  • Households: Households with verifiable evidence of livelihood adversely impacted by COVID-19 should visit
  • Microenterprises: Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic
  • SMEs: Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic

How To Apply

Step 1: Submit An Application
The process is easy. You can begin on your phone, your tablet or your laptop.

Submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of the COVID-19 pandemic.

STEP 2 Approval
We review your application and forward the application to the CBN for final approval.

STEP 3 Disbursement
CBN reviews applications and gives final approval for disbursement to NMFB.

Interested person Click Here To Apply

About the Author

Lenon

Hotschoolnews is a subsidiary school news portal with an aim of providing useful and valuable information about Institutions, Scholarships, Visa by Continent, Jobs Around the World.

Comments

  1. Am into hair stylist (barbing saloon)and so on I can’t assess this loan please help my number is 09064348186

  2. I have tried severally to log into the website but to no avail.Does it mean that the application has ended?

  3. I am into an entertainment as in the rental of musical equipment and sound support etc. Do I need to to have a registered business name with the CAC before am eligible to apply for this loan facility?

  4. I am a graduate but no work then now a farmer and wish to make my farm a big and extensive type that provide enough food like poultry, fish ponds etc please my phone number is 08109244733

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