Over the past few months, the federal government of Nigeria has been on the top of their game in terms of consistently rolling out loan facilities to carter for SME businesses. With this, small business owners can celebrate financial freedom soon.

About CBN Covid-19 Loan

CBN Covid-19 Loan – 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.”

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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.


How to Apply for The CBN Covid-19 Loan
To apply for the ongoing CBN Covid-19 Loan, ensure you have read all presented requirement. and be sure you fit in.

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