The Federal Government of Nigeria through the Central Bank of Nigeria (CBN) has introduced a stimulus package to support households and MSMEs that might be affected by the COVID-19 pandemic currently facing the country to the sum of Twenty Five (25) million Naira.

The scheme is being managed by Nirsal Microfinance Bank on behalf of the CBN. There are three (3) categories of those that can assess the fund. They are:

Each categories must apply online with Nirsal website and wait for CBN approval before fund is disbursed into their accounts.

To apply, Click here to start.

NB: This is a 5% interest rate credit facility with a minimum tenure of 3 years and 1 year moratorium.