https://technews9ja.com/2021/08/14/goodnews-as-cbn-set-to-disburse-covid-19-loans-to-successful-applicants/

Over time, many successfully applicants of covid 19 loan have been worried about the disbursement as many are yet to receive their credit alert after months of approval of the loan and successful acceptance of the loan but the Nirsal microfinance bank has come out on their Facebook page to disclose the cause of the delay and promise for disbursement to start soonest.

Since the covid 19 hit the world in 2019/2020, many countries started bringing out different kinds of palliatives to help their citizens cushion the effect of the pandemic. We must understand that Nigeria was not an exception as the pandemic hit Nigeria in the early months of 2020 which started leading to death across the nation. In order to curb the spread of the pandemic and just like every other country, the federal government of Nigeria imposed a compulsory total lockdown starting from Lagos, Ogun, and Abuja which had the highest rate of infection as at the beginning, but as the pandemic kept on spreading across other states of the nation, there was a total nationwide lockdown to stop the spread and maintain social distancing.

Many nations swing into action to provide for their citizens in things like daily provisions, household items, health, and other items to help them stay safe and healthy. Many countries also started giving out loans and grants to her citizens to help them for some business and agricultural purposes, Nigeria was not left out as the federal government released over 75billion naira covid 19 intervention fund.

Things you should know about the covid 19 funds:

It’s a loan that must be repaid.
I have heard many people argue that it’s a non-refundable fund but it is a total lie as it’s a loan that is meant to be repaid, so if you got it, get ready to repay yours.

It’s for all Nigerians:
Many people have also argued that its meant for some sectional part of the country, this is entirely false as many people from many parts of the country have actually received theirs irrespective of the part of Nigerian they came from

You are not paying anything to get it:
So many people have been scammed just trying to get the loan, lets state this, you are not supposed to pay anyone any dime either to process it for you or to facilitate it. And it’s very important that we understand that from 18 up can apply for the loan online using their portal( though closed at the time of this report). Once your application is done successfully, you just need to wait until you receive ap[proval notice either via mail or SMS if it has been approved, and once its approved, you can follow the link that will be sent to your SMS and click to accept the loan offer and then input your preferred account details and then wait for disbursement.

https://technews9ja.com/2021/08/14/goodnews-as-cbn-set-to-disburse-covid-19-loans-to-successful-applicants/

Repay federal loans?
When FG never even repay the ones dem collect

Will be disbursed only to Northerners, I remember last year lockdown started in Lagos but palliatives where distributed to Northerners that were yet to commence lockdown