CBN Covid-19 Loan Application Step-by-step Guide

The Central Bank of Nigeria (CBN) recently re-opened the portal for Micro, Small, and Medium Enterprise (MSME) to access up to N25 million through NIRSAL Microfinance Bank

This CBN Covid-19 Loan is for businesses that were affected by COVID-19. It 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.”

 How to Apply for The CBN Covid-19 Loan

To apply for the ongoing CBN Covid-19 Loan, ensure you have read all presented requirements.

• Next, click here to visit the CBN Covid-19 Loan Portal
• Select SME or household
• Put in your BVN and submit

What you should know about the CBN Covid-19 Loan

• 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,

• The government, in its announcement, said that the scheme is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees.