FG Reopens Portal for MSMEs Loan (Apply Now!)

The federal government, through the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank (NMFB) has reopened the portal for Micro, Small and Medium Enterprises (MSMEs) and households affected by COVID-19 to access up to N25 million loan.

NMFB LoanThis disclosure was made by the Personal Assistant to President Muhammadu Buhari on Media, Bashir Ahmad, via his Twitter handle on Wednesday.

Ahmed 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.”

What is the interest rate for the loan?

The interest rate under the intervention is 5% per annum (all inclusive) up to February 28 2021 and thereafter, the interest on the facility will revert to 9% per annum (all inclusive) as from March 1st 2021.


  1. I want to start new business to depends myself and my families because I growth up in poor families when I was a young boy my father died i have some brothers take care of them and myself so we need help

  2. I have a well designed business plan if when approved will contribute greatly towards improving the SME industry in Nigeria through job creation. With a loan of two million naira within the space of 4years i shud be able to have annual tuenovers of 10million naira not including other strategie this business have on ground.
    I am a fashion designer with a vision of creating a fashion school that will help keep the teeming youth very busy. I am looking for a sponsor that will enter into an MOU with me on how remittance can be make pn yearly basis.
    You can reach me via my email
    Togather we can make the country a better place where hope van be rekindle for the greater good of all. Praying someone pick interest and buy this vision. Thank you

    • Please update me on every information, because I need money to start my own business please

  3. Pls help with information about Nigerian youth empowerment l apply but no any response

  4. Am in my final year I wish I could get the loan to continue my hand work as a fashion designer

  5. I will be very grateful if I have been support with the financial to upgrade my business to sustain my business

  6. I will be grateful with my government if my application will be granted, im a ingineer i need more of capital to improve my working implement an start some side business.

  7. Iam a poultry farmer after I graduated but am lack of capital to improve it so I will be very happy if I can get a financial aids sir

    • I need this loan for my farming ,to make me produce more crops to the people.i will be galard if it is giving to me sir

  8. I will be glad to have this money as my capital to start up a business which I have in mind for a longtime.

  9. hello hv apply and is showing me dat hv a on treating loan sir what does dat word mean want a clarification on dat word sir

  10. Hello my fellow colleagues can we return the money after getting,,,, is loan or grand,,,, but if I refuse to return it what will happen

  11. IAM a farmer after I graduate but am lack of capital to improve it so I will be very happy if I can get finacial aids sir.

  12. I need #1,960,000 capital to start up a business that will earn me a living. Here is my account number:3689258017

  13. Sir i’m very happy to write this comment to you i need N7500,0000 in order to burst my business thanks,Rabilu ishaka account no;84652873 access bank

  14. My Account Number: 0060519155 Bank: Access bank PLC. I need a loan of #1,000,000 only. For my cassava and maize farming.

    • Sir,I hereby apply for loan of #1,000,000 only. I want to use it to support my cassava and maize farming.

  15. i need capital to improve my skills sir. i applied for the second time here is my account number Gt bank 0169645725.

  16. I need a loan sir i like 2 start business please, is my account number 1021568812 UBA

  17. Plesse help me with some money I wsmant grow my business this is accnd nmbr 0759467507 please am waiting

  18. I need your financial and this my account number 3053365312 Polaris bank tsohuwar kasuwa katsina state

  19. We wishes that our country will be great and we will proud with it by God willing I need start farming I have farming skills but I don’t have capital please I need your assistance to loan me naira,100,000 my account is 0035940046 stanbic ibtc bank

  20. please i need a loan like 100,000 to start a business my account number is 6468502013 fcmb bank thank you

  21. I need your financial this my account number 0084394223 mustangs Bello Muhammad access Bank

  22. I need your financial aid and this my account number 2043303199 UBA, United Bank of Africa, Name AJAYI SAMUEL TUNDE

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