SMB Nigeria

COVID-19 – Apply for Central Bank of Nigeria (CBN) N50 billion Stimulus Package

COVID-19 – Apply for Central Bank of Nigeria (CBN) N50 billion Stimulus Package

COVID-19 – Apply for Central Bank of Nigeria (CBN) N50 billion Stimulus Package

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

Concept of Targeted Credit Facility (TCF)

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, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world. Apply here

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

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.

How It Works

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 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

Apply here

Want to speak with someone?
09010026900 – 7
covid19@nmfb.com.ng

" class="prev-article">Previous article

Related Articles

3 Comments

  • Chen Isaac , May 6, 2020 @ 7:21 pm

    Good evening , I have applied for this loan and therefore wish to know if there is any useful information. I was told I ‘ll be communicated in 72 hrs.

    • Admin , May 9, 2020 @ 12:43 am

      Kindly visit their main site for more information or contact the main organization. We only publish on our blog. Thank you.

  • ปั้มไลค์ , July 19, 2020 @ 1:03 am

    Like!! Really appreciate you sharing this blog post.Really thank you! Keep writing.

Leave a Reply

Your email address will not be published. Required fields are marked *

× Chat us now