CBN COVID-19 Palliative List of Successful Applicants to Access Funds

CBN COVID-19 Palliative List of Successful Applicants to Access Funds: The Central Bank of Nigeria (CBN) has assured that all successful applicants under its COVID-19 Targeted Credit Facility (TCF) will have their accounts credited within 48hrs.

But it advised the successful applicatms whose accounts have not been credited, to visit the website of NIRSAL Micro Finance Bank (www.nmfb.com.ng) and input their account details.

The CBN Director, Corporate Communications Department, Isaac Okorafor, who gave the assurances in a statement urged all successful household and SME applicants that have submitted their account details for the facility, but do does not receive a credit alert within 48 hours to call mobile number: 09010026900 for resolution.

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Okorafor also disclosed that the CBN has waived the requirement for the provision of guarantors by households and small and medium enterprises (SMEs) applying for its N50 billion COVID-19 Targeted Credit Facility.

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According to him, the Bank’s move was to assuage the concerns of those who had fulfilled all requirements for the loan but were yet to have their accounts credited, particularly as other persons had begun to receive credit alerts.

Meanwhile, Okorafor reiterated that palliative being disbursed were loans and should not be taken as grants. He therefore urged eligible households and small businesses to take advantage of the palliative to revive their businesses and contribute to steering Nigeria away from recession.

Related: NPower May/June Stipend News Update Today 2020 – See Payment Date

It will be recalled that the CBN on March 23, 2020, unveiled guidelines for the implementation of the N50bn Targeted Credit Facility as a stimulus package to support households and micro, small and medium enterprises affected by the COVID-19 pandemic.

Based on the CBN guidelines, those eligible beneficiaries of the fund are households with verifiable evidence of livelihood adversely impacted by COVID-19 and existing enterprises with verifiable evidence of activities adversely affected as a result of the COVID-19 pandemic.


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Join the Conversation

  1. I applied covid19loan tcf since May and it was approved on 13june but no alert since, Will I still have hope precisely all was happening this 2020 ,08130Xxxxxxxxx, thanks

  2. My covid19loan tcf was approved on the 13june and I have provided other account no alert since please help me to get my covid19loan tcf thanks,081300Xxxxx

  3. I applied since June and a friend that apply the same day got her confirmatory message but i have not gotten any message does it meen am disqualified

  4. I applied since earliest June and I received an acknowledged saying they should back to me soon,but up to this moments I hvnt seen any information from the bnk

  5. Good evening, I applied since early June but up till now i haven’t receive any message either on my mail or…

  6. Please sir i sormmited my application on June and it showed successful but I have not gotten approval response till now.

  7. A friend of mine who registered in the same day with me got a confirmatory message but up till now,I have not gotten any message at all

  8. I tried to re enter my BVN for confirmation they keep saying BVN does not exist, pls sir I dnt understand, bcos I already applied for the loan an is been approved.

  9. Good evening Sir/madam, please I have apply for the CBN covid 19 palliative loan this month of June, it has being over 2 weeks, I haven’t receive any reply to know whether the application was successful & attended to or not. Pls Sir what else should I do??.

  10. Is there any action taken on this network and congestion issues. I think it is high time to let Nigerians know the current update because some agents are very busy generating money (processing fee) from innocent people, whereas the application is not accessible long ago.

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