CBN Adds Extra 50bn For NIRSAL Loan - See How To Apply

FG Has Began CBN Covid-19 Loan Disbursement For June 2020.

NewsOnline Nigeria reports that President Buhari led Federal Government through CBN and IRSAL Microfinance Bank have started disbursing Covid-19 loan to applicants who applied in June 2020.
This online news platform understands that many applicants who took part in the CBN Covid19 loan have still not received an alert.
The official website to get CBN Covid-19 Loan is
However, it will interest you to know that the CBN Covid-19 loan disbursement is still in progress, just in case you have not received an alert yet. Meanwhile, if you are shortlisted for the loan, a mail will be sent to you. So, check your Email or SMS inbox to confirm if you were given the loan.

The loan disbursements would be determined based on the activity, cash-flow, and industry size of the beneficiaries.

For those who are yet to receive an alert even after filling all details you will need to do a physical verification before the loan will be disbursed to you.

Each eligible SME will receive a maximum of N25 million while qualified households can access a maximum of N3 million each.

The credit facility is aimed at providing financial relief to households and small businesses as they cope with the economic fallouts of the pandemic.

By Okpara Kenneth

12 thoughts on “FG Begins CBN Covid-19 Loan Disbursement- Those Yet To Be Credited Should See This”
  1. Have applied for it since last year and am yet to see any confirmation message from them of which many of my friends have receive there how can you be of help?

    1. I applied for CBN covid19 loan through NMFB since last year August 2020, and I have not received any information or response on confirmation of loan. My friends and colleagues and all interviewed and loan disbursed, please help me to get mine done.

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