Wednesday, 1 April 2020

Covid19: Lost Your Job, No Money at Home or Your Business is Down? Apply for CBN Stimulus Package Here


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Many families, households or even companies, especially startups, could have been affected by the COVID-19 pandemics, which force everyone to undergo mandatory virus-blocking blocks.
Covid19: Lost Your Job, No Money at Home or Your Business is Down? Apply for CBN Stimulus Package Here

In this light, the Central Bank of Nigeria (CBN) has introduced a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

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 a drop in global demand, declined consumer confidence and slowdown in production.

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.

Who is Eligible?

Household: with verifiable evidence of livelihood affected by the coronavirus. (Apply here)

MSMEs: Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic (Apply here)

Corporate Enterprise: Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic (Apply here)

Application Guideline

Household – Download guideline here

MSMEs – Download guideline here

Corporate Enterprise – Download guideline here

How Does it Work?

>>First of all, visit this link here and download the application form that fits into the category you belong

>>Carefully fill and submit your applications to NIRSAL Microfinance Bank (NMFB)

>>Your application will be reviewed, and then forwarded to CBN

>>CBN will review your application and then begin disbursement.

If your household is affected or source of income is affected, kindly visit the link above and apply for the stimulus package from CBN.



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I'm a passionate Blogger. I spend most of my time on the internet, Researching, Reading and Blogging || i Love Hip Hop and RnB E.T.C || Always Share.|| ****Blog Mall Nigeria****
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