In today’s latest NMFB AGSMEIS, NYIF and CBN Covid-19 TCF Loan, we will share with you an important update regarding the loans Application and loans Disbursement, check out the links below;
About NYIF, AGSMEIS and CBN Covid-19 TCF Loan;
Nigeria Youth Investment Fund (NYIF) Loan;
The NYIF is an initiative of the Federal Ministry of Youth and Sports Development and funded by the Central Bank of Nigeria (CBN), which would be spread over 3 years to cater to youth-owned businesses and investment needs. The CBN Youth Investment Fund is dedicated to investing in the innovative ideas, skills, talents and enterprise of the Nigerian youth with the aim of turning them into entrepreneurs.
NYIF Loan Application Portal: https://nyif.nmfb.com.ng
Also Read >>> How To Apply For Nigeria Youth Investment Fund (NYIF)
The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation.
AGSMEIS Loan Application Portal: https://agsmeisapp.nmfb.com.ng
Also Read >>> How To Apply For NMFB AGSMEIS Loan 2021
CBN Covid-19 TCF Loan;
The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.
These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.
In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
Covid-19 Targeted Credit Facilities Loan Application Portal: https://covid19.nmfb.com.ng