Have You Gotten Your Stimulus Package From CBN? Apply Here

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Those of you who have applied for the CBN incentive program have probably already borrowed from your account. At least many of the people who signed up for me have their own. Let us know if you got yours in Nirsal.

Some of you are still thinking about signing up or not, but we advise you to enjoy and sign up, and that doesn’t stop us from sharing some business ideas with you. If you are seriously affected by the Covid19 pandemic, now is the best time to sign up for this incentive package.

If your application was successful, you’ll get disbursement in the coming weeks. The CBN had introduced the N50bn Targeted Credit Facility as a stimulus package to support households and Micro, Small, and Medium Enterprises affected by the COVID-19 pandemic.

The N50bn intervention is being financed from the Micro, Small and Medium Enterprises Development Fund.

In terms of limit, the loan amount would be determined based on the activity, cash flow, and industry size of the beneficiary, subject to a maximum of N25m for SMEs.

Households can access a maximum of N3m while working capital would be a maximum of 25 percent of the average of the previous three years’ annual turnover.

If you are yet to apply, you can apply here https://nmfb.com.ng/covid-19-support/ and make sure you complete your applications and submit.

You can also download the NIRSAL Android app here for easy application

Let us know in the comment if you applied and the money has been disbursed to your account.

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