Covid-19 has affected many businesses and households in Nigeria, yes, this can not be denied and that is why the Federal Government of Nigeria through the Central Bank of Nigeria added another 50 billion naira ($120 million) to its Targeted Credit Facility.This money is to be disbursed by NIRSAL Microfinance Bank as a loan to micro-small and medium-sized enterprises (MSMEs) as well as households that are affected by the pandemics.
The Central Bank of Nigeria (CBN) recently announced the addition of NGN 50 billion (USD 120 million) to its Targeted Credit Facility, a stimulus program for micro-, small and medium-sized enterprises (MSMEs) as well as households affected by the pandemic.The funding will be disbursed through NIRSAL Microfinance Bank, which is minority-owned by CBN’s Nigerian Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL).
The NIRSAL Microfinance Bank have begins the approval of loans to Applicants who applied for the loan this year.However, many who applied last year have received theirs while this year Applicants are yet to receive their own.The Covid 19 loan which was established by the Federal Government in partnership with Central bank and NIRSAL Microfinance Bank to support and Boost the country economy.
Some Nigerians are currently receiving a congratulatory text message from the National Youths Investment Fund (NYIF).See the message many peoples are receiving.“Dear SIMON YOHANNA YOHANNA your account has been created successfully.Your account number is **********, Thank you for banking with the NIRSAL MFB” If you received this message, then that means your applications has received and also your account is successfully created.
(1) NIRSAL Covid-19 TCF Loan: Risk Sharing system for Agricultural Lending (Nirsal) was launched last year to support some business organizations due to COVID-19 diseases that affected so many business activities in the country. To apply for the loan, please click the link below:
The Following are the necessary records and qualifications you should have before you can get to a Nirsal Loan.Your letter of business Your compensation slip Your staff ID card A half year proclamation of your ledger Other legitimate methods for ID like your National ID, Drivers' permit, etc A service bill 2 visa photos An underwriter structure Stage 1 – Farmer/Agribusiness applies for a credit from a Commercial Bank and demands for NIRSAL CRG cover.
If you can remember last year 2020, the Federal Government under the leadership of President Muhammadu Buhari launched a portal that will enable Nigerian citizens to apply for loan support due to the infact of Covid-19 diseases that affected so many business activities in the country. Today in this my article, i am going to give you some guidance and step by step of how to apply for the Risk Sharing system for Agricultural Lending also known ad (NIRSAL).
This is to inform the general public that applied for Risk Sharing system for Agricultural Lending (Nirsal) loan that the board issued a statement regarding to some fraudsters are currently requesting for money from the applicants to access them secure the loan. Read the Nirsal statement below:
Since the close of Registration for the NIRSAL Covid19loan on April 16th, 2021, people have been wandering what is the next step to take and how to make sure their covid19loans get approval with immediate disbursement.But from experience gathered from those who benefitted from the loan last year, we noticed that when its comes to Federal Government Scheme things might slow down a little bit but surely it will work out.
If you applied for NIRSAL loan application, then congratulations another list for the successful applicants is out. This update was announced today in NIRSAL facebook official portal. See the message below: “Dear Covid-19 TCF Applicant, Kindly click on the links below to check if you have an approval.
Following the effect of COVID-19 pandemic on businesses, the federal government of Nigeria led by His Excellency Muhammadu Buhari and his assistant, Prof. Yemi Osibanjo has approved several loans program to help curtail the effect of the pandemic. However, the NIRSAL Microfinance Bank(NMFB), in partnership with the Central Bank Of Nigeria(CBN), were the two bodies approved by the Federal government to involve in the disbursement of loans.
Some Nigerians may be thinking the Targeted Credit Facility (TCF) Covid19 Loan, would have close Registration by now but to surprise all, it hasn't close the registration for now and there is no particular date for the closing registration of the TCF Covid19 Loan.People across the country have all benefited from this Federal Government development program which is aim to help the less privilege and boost our the economy value of the country.
In this article, you will see that NIRSAL Microfinance Bank Non-Interest Banking Portal Goes Live!!! through NIRSAL COVID 19 application portal. By the CBN's choice to stretch out a non-premium window to organizations and families that have been affected adversely by the Covid-19 pandemic, NIRSAL Microfinance Bank's entryway is currently live for candidates who are qualified under this plan to apply.
CBN Gives Update On COVID-19 Loan Application The Central Bank of Nigeria has again explained that its N50bn Targeted Credit Facility was to support households and Micro, Small and Medium Enterprises affected by the COVID-19 pandemic.The apex bank in a tweet on Monday, April 12 through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending Microfinance Bank, called on individuals and business owners affected by the COVID-19 to now apply and get the chance of benefiting up to N25m loan.
The NIRSAL Microfinance Bank(NMFB), is a Micro Finance Bank dedicated by the Central Bank Of Nigeria(CBN), for disbursement of loans and grants in Nigeria. However, the NIRSAL management has assured all their customers who applied in any of the loan program without receiving their funds.
Today's Headlines: NIRSAL Guarantees N266.97b Bank Loans In 5 Years, UBA Gave Out N178b To Businesses
Photo credit:google Nirsal guarantees N266.97b bank loans in five years photo credit: Nation The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc has guaranteed N266.97 billion ($648 million) bank loans to different agriculture-focused companies in the last five years. Speaking during a tour of ADT Russet’s factory in Apapa, Lagos, NIRSAL Managing Director/CEO Aliyu Abdulhameed said the company had also guaranteed N1.15 billion Keystone Bank’s loan to ADT Russet Limited.
FG launches 1.5MW solar grid for ministries The Federal Government yesterday launched a 1.52MWp/2.28MWh solar micro-grid system to improve the infrastructural aesthetics of the country, improve productivity and provide employment. The project, which was approved by the Federal Executive Council (FEC) in March 2019, will reduce the consumption of diesel from 776,248 litres to 166,825 liters per annum.
The Managing Director and Chief Executive Officer of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending Plc (NIRSAL), Mr. Aliyu Abdulhameed, has expressed that the association is focused on empowering Nigerian cocoa ranchers to profit with the $67 billion worldwide cocoa market. Photo Credit: allAfrica.com
As part of its response to the COVID-19 pandemic, the Central Bank of Nigeria has released N253 billion to 548,345 recipients. The beneficiaries included 470,969 households and 77,376 Small and Medium Enterprises, according to the acting Director Corporate Communications, Osita Nwanisobi, who revealed this on Thursday at the bank's special day at the ongoing 42nd Kaduna International Trade Fair.
Harvesting has begun in rice farms cultivated in several parts of Akwa Ibom State under the federal government-assisted rice programme. The programme is run by the federal government in collaboration with the Central Bank of Nigeria and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL).