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

by James Kase
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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.

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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43 comments

Abdulmumini Muhammad April 15, 2021 - 9:47 am

I did it in 2020, and I still did it in 2021, but unfortunately upto now I didn’t receive any message from the covid-19 loan, please help me to improve my business.

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Aniefiok Sunday November 4, 2020 - 3:31 pm

I , too since June I haven’t received any thing , not even mail. I only got approval or form telling me I was successful. 08033831Xxxx

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Umar Abdullahi Tarmisu September 3, 2020 - 9:34 pm

I filled it but up to now, there is no feedback. I don’t now what happened?

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Usman musa August 26, 2020 - 11:04 pm

May the almighty Allah help us

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Yazidu abdullahi August 21, 2020 - 1:30 pm

I filled the form but up to now I didn’t receive any text since May.

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Ukwa Monday nwali August 19, 2020 - 2:36 am

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

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Ukwa Monday nwali August 19, 2020 - 2:24 am

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

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Nafiu Ahmed August 10, 2020 - 6:25 pm

I fill CBN laon no any response sir

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Sani hassan July 18, 2020 - 11:47 am

We need your help

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Ajayi ademisoye Roland July 11, 2020 - 2:13 am

Still expecting my own alert sir

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NJAKA IFEOMA MABEL July 10, 2020 - 8:33 am

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

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Mohammed Murjanatu July 10, 2020 - 7:26 am

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

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Murtala July 10, 2020 - 7:05 am

Murtala sir aply since last month may I not receive any response from you thank

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Famisa adesina July 9, 2020 - 9:56 pm

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

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Ahmada A. Badara July 9, 2020 - 9:55 pm

I apply since Apri but yet i was not been approved, sir how it takes before should approved?

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Ndifreke July 9, 2020 - 8:56 pm

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

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Adewusi Florence July 9, 2020 - 4:43 pm

I have fill the form and submitted successfully , since June but i have not received any response

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Idris salihu July 9, 2020 - 6:22 am

You send, people apply more ,no anyone is free why

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Shuare July 5, 2020 - 10:36 am

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

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AKANJI ADEWALE OlADIRAN July 1, 2020 - 6:35 pm

Thanks for giving this opportunity

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sani adamu July 1, 2020 - 9:07 am

Comment:Sir,i want to know more on this loan payment situation.

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Mutari July 1, 2020 - 12:06 am

Al.uma sai ahankali

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Yusuf Lame June 30, 2020 - 9:05 am

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.

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James Kase June 30, 2020 - 9:49 am

Enter it manually sir.

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Oloyede Olayemi June 29, 2020 - 9:26 pm

My account has not been credited since 9th of June, what can I do?

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James Kase June 30, 2020 - 4:20 am

Please be patient. If you’ve been approved, definitely you’ll be attended to very soon.

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Ehinmode James June 28, 2020 - 11:26 pm

I need a loan from CBN sir

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Abdulahad June 25, 2020 - 11:14 pm

Kaura

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Anwafor Josephine Udibesane June 25, 2020 - 10:45 pm

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??.

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James Kase June 25, 2020 - 10:51 pm

Kindly exercise patience. You’ll be attended to

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Abubakar June 25, 2020 - 11:35 am

James I applied since at April but I don’t see the approved isee only Chick back letter what am I to do sir

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James Kase June 25, 2020 - 12:27 pm

Kindly reach CBN loan support line as shown in the article. Thank you sir.

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Abbas Yusuf Goje June 25, 2020 - 8:25 am

I have the form but to summit is a problem pls help to rectifying my case

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Bilyaminu Shehu June 24, 2020 - 10:23 pm

I apply it for more than an hour but yet no reply, it’s works or not

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Jaafar Shehu June 24, 2020 - 10:37 am

hello

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Abubakar Aminu Tukur June 24, 2020 - 12:48 am

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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obaji charity June 23, 2020 - 2:15 pm

the website is completely down what is going on, please i need assistance

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James Kase June 23, 2020 - 2:26 pm

Too much traffic to the site. That’s the cause. Continue trying, it will open up soon.

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Ahima Abigail Gideon June 20, 2020 - 3:46 pm

We pray it works

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Ahima Abigail Gideon June 20, 2020 - 3:45 pm

We pray it help the poor Nigerians and they should be faithful in paying back

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Bitrus masho June 16, 2020 - 6:21 pm

Mr.Isaac pls which way should l follows so that l should get the loan?

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Auwal Ibrahim Jasawa June 19, 2020 - 1:15 am

Praying for success. And payback in time.

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Saleh abdullahi saleh June 26, 2020 - 5:49 pm

I fill CBN loan but no at feedback sir

Reply

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