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.

72 thoughts on “FG Reopens Portal for MSMEs Loan (Apply Now!)”

  1. Yakubu Hassan alhaji

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

  2. Mustapha ibrahim

    If I get this loan I will start my own business I’m not wait government give job.

  3. Muhammad usman

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

  4. Afukonyo Ishaku

    I need loan of 5000 this is my account number2086329411 Afukonyo Ishaku zenith bank

  5. Luka Aliyu mato

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

  6. Aliyu Alhaji Suleiman

    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. Mustaphamuhammadbello

    I will be happy if I get this great financial assist I needed Sir thank you

  8. 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

  9. onyegbula Onyinyechi chistiana

    I apply since leat year 2020 i have not see anything thanks

    1. Abdullahi ocheni

      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

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