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CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday - Business - Nairaland

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How To Apply For NIRSAL Microfinance Bank CBN N50bn COVID-19 Loan. / Msmes To Access N50bn COVID-19 Stimulus With Bankable Plan, Others – CBN / How To Access N50bn COVID-19 Intervention Fund – CBN (2) (3) (4)

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CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by iwaeda: 8:49am On Apr 22
Barring any last-minute change in plans, the disbursement of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility would begin on Thursday.

The fund, which is being managed by the NIRSAL Microfinance Bank, has received over 80,000 applications.

The Managing Director, NIRSAL Microfinance Bank, Mr Abubakar Kure, confirmed the development in a telephone interview with our correspondent.

Kure, who did not provide the amount to be disbursed in the first tranche, said that those whose applications were successful would start receiving their fund on Thursday.

He said, “But we are hopeful that towards Thursday or Friday, the disbursement of the fund would commence.”

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 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 per cent of the average of the previous three years’ annual turnover.

Based on the guidelines released by the CBN, those that can benefit from the fund are households with verifiable evidence of livelihood adversely impacted by COVID-19; existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic and enterprises with bankable plans.

According to the CBN guidelines, activities covered under the scheme include agricultural value chain; hospitality (accommodation and food services); health (pharmaceuticals and medical supplies); and airline service providers.

Others are manufacturing/value addition; trading and any other income-generating activities as may be prescribed by the CBN.

https://punchng.com/cbns-n50bn-covid-19-fund-disbursement-begins-thursday/?

4 Likes 2 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by donbachi(m): 8:53am On Apr 22
"80,000 applications"...them,their wives,children,allies,girlfriends and associates.

274 Likes 11 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Quietly(m): 9:39am On Apr 22
Should dey giv person with empty acc(#108),so that i will go and register too??

7 Likes 6 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Charleys: 10:28am On Apr 22
donbachi:
"80,000 applications"...them,their wives,children,allies,girlfriends and associates.

is it from that Google forms that was circulating?
Because how did they get applications

89 Likes 7 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by gambia(m): 10:30am On Apr 22
How can we access it? I hope there will be fairness in the disbursement process.

11 Likes 2 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by NwaNimo1(m): 10:31am On Apr 22
fraud fraud fraud....

124 Likes 5 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by donbachi(m): 10:33am On Apr 22
Charleys:

is it from that Google forms that was circulating? Because how did they get applications
dont mind those thieves.

86 Likes 2 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by ignis(f): 12:30pm On Apr 22
Audio Disbursement.

They will only share the money amongst themselves.

Corrupt government hiding under the integrity mantra.

This is Nigeria where the child of nobody cannot become somebody without knowing anybody.

158 Likes 17 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by PastorBK(m): 12:30pm On Apr 22
This is a good initiative only if it will be followed to the letter. I guess the government meant well.

But as usual and assumed the sharks that will embezzle the funds are there waiting, but I have a word for you.

Greed killed and destroyed Judas iscariot, just as you have allowed greed to take over you, heaven will wipe you and your generations out same as Judas.

Can I hear a resounding Amen.

NB: I only prayed based on the happenings in the bible and now in Nigeria.

13 Likes 8 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by KAMORUSHOBO(m): 12:30pm On Apr 22
i hope the money get to me smiley smiley


See my signature for important info
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Nbote(m): 12:30pm On Apr 22
Dis people are jus mad...

Based on the guidelines released by the CBN, those that can benefit from the fund are households with verifiable evidence of livelihood adversely impacted by COVID-19;

And den U give dem dis conditions...


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

Dis one is loan for big men

13 Likes 1 Share

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by EcoBrick: 12:30pm On Apr 22
Scam disbursement.

6 Likes 2 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by kokomilala(m): 12:31pm On Apr 22
There will be winners and losers, you can be sure.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Judolisco(m): 12:31pm On Apr 22
Abegiii dis guys lie 2 much
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Wiseandtrue(f): 12:31pm On Apr 22
iwaeda:


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

https://punchng.com/cbns-n50bn-covid-19-fund-disbursement-begins-thursday/?
SMEs In this lockdown Is the money meant to boost businesses

So Nigerians are to collect loans as palliatives grin grin grin grin

This got to be the most useless government in the whole world!!!

Modified:
olumide4christ:


Are you aware that the stimulus the US is giving tax paying individuals and small businesses is not free money but loans that they will collect back as taxes when the pandemic is over & income is generated again?? Do you know that there are guidelines like this that they have laid down for small businesses that want to access the stimulus funds? Google is your friend... verify it.
I guess USA is "the most useless government in the whole world" according to you!!

First you gave palliatives N20,000 to invisible Nigerians

Then claimed that N30,000 credited to N-Powers are the palliatives

Now that Nigerians are asking for transparency, you are giving them loans calling it palliatives grin grin grin grin

Didn't you know that some countries gave our very own Nigerians over N500,000

Please stop comparing Nigeria to USA undecided

When did you ask citizens to apply Is USA helping some citizens in secretive and ignoring others

Which household is not affected by this lock down

I am glad you said USA GAVE first!!! Before removing from the tax

If you are to give out loans to deduct from our taxes, why select 80,000 out of almost 200million people

Does it make sense to you

79 Likes 9 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by classicfrank4u(m): 12:31pm On Apr 22
Akuko, money way no go reach me las Las undecided

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Aflix(m): 12:31pm On Apr 22
Huuumm hope it's not audio........but how many paliative are they giving out, I have heard about more than 3 paliative though I have not seen any

5 Likes 1 Share

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by soft101: 12:32pm On Apr 22
Pls how do I get?

This is indeed a funny country. When there was movement, they didn't support you. Now they have restricted your movement and begins to disburse funds for you to run your business, period they know businesses are collapsing.

We shall survive this coronavirus and this government, with God on our side,

10 Likes 1 Share

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by IMASTEX: 12:32pm On Apr 22
Scam as usual. Money that has been shared among themselves.

5 Likes 1 Share

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Patrioticman007(m): 12:32pm On Apr 22
donbachi:
"80,000 applications"...them,their wives,children,allies,girlfriends and associates.

What do you expect from a flat headed CBN Governor.

9 Likes 2 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Zico5(m): 12:32pm On Apr 22
In fact, APC is bigger thieves compared to PDP. They steal even with confidence. How can u start distributing such amount of money even when the elites that are on-line 24/7 are not even aware of anything. How did they come about the beneficiaries and what are the protocol to follow in order to be able to access such funds. May God have mercy. Revolution is the way forward for this country or else, things will totally get out of control.

27 Likes 2 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Sheriman(m): 12:32pm On Apr 22
Kastina State will also be the first State to enjoy this Disbursement

25 Likes 1 Share

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by optimus106(m): 12:32pm On Apr 22
Loan?

So no free money?

2 Likes 1 Share

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by PUSSYHOE(m): 12:32pm On Apr 22
80 000 application and not even one person I know from 20 states of the federation know about it.

22 Likes 1 Share

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by eherbal(m): 12:32pm On Apr 22
grin
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by landmark86: 12:33pm On Apr 22
Another money to be embezzle

8 Likes 2 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by JosephXavier(m): 12:33pm On Apr 22
50 billion, 100 billion, 2trillion, 500billion
Na only for news we dey see am and we Don see am sotey we Don get used to am
But wetin we no dey see Na testimonies of the people wey d money reach
Yeye dey smell

9 Likes 1 Share

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Imoh555(m): 12:33pm On Apr 22
Scam
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Viking007(m): 12:33pm On Apr 22
How and when did they apply? You can apply here:http://nmfb.com.ng/covid-19-support/

8 Likes 2 Shares

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Brainsg: 12:33pm On Apr 22
donbachi:
dont mind those thieves.
Use this link http://nmfb.com.ng/covid-19-support/
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Seventy7kings: 12:33pm On Apr 22
grin
scam alert!

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Nobody: 12:33pm On Apr 22
donbachi:
"80,000 applications"...them,their wives,children,allies,girlfriends and associates.

1.Grow up.

2.CBN put out advertisments and announcemts online showing how you could access such loans and what you needed to qualify

Here is the advert

3.No food for lazy man.

8 Likes 5 Shares

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