AGSMEIS/COVID-19 TCF: Number of beneficiaries according to Geopolitical Zones

The South South geopolitical zone has recorded highest number of beneficiaries in the Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS Loan Scheme) as CBN disburses N111.7 Billion to 29,023 Beneficiaries across the federation in the Programme.

The Central Bank of Nigeria in a report said that N21.4 Billion has been disbursed to 6,523 Beneficiaries in the South South Geopolitical Zone as at May 14, 2021.

Further break down of the beneficiaries according to geopolitical Zone by the Apex Bank showed that a large chunk of N26 Billion was disbursed to 5,226 Beneficiaries in the North Central Geopolitical Zone.

In the South West,  N18.4 billion was disbursed  to 3,776 beneficiaries while N15.6 Billion was disbursed to 4,742 Beneficiaries in the North West Geopolitical Zone. 

The CBN report also showed that 5,318 beneficiaries in the North East geopolitical Zone shared N16.5 Billion while N13.6 billion  was disbursed to 3,438 Beneficiaries in the South East geopolitical Zone.

The AGSMEIS Loan Scheme is on going and interested applicants can apply through https://agsmeisapp.nmfb.com.ng. Previous Applicants who had completed their requirements can check their approval Status through https://agsmeis.nmfb.com.ng

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On the COVID-19 Targeted Credit Facility Loan, the Apex Bank said that as at 14th May, 2021, N253.4 billion has been disbused to 548,345 Household and SME beneficiaries consisting of 470,969 households and 77,376 SME Beneficiaries.

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In a break down according to geopolitical Zone on by the CBN, North East geopolitical recorded highest number of beneficiaries as 97,633 beneficiaries shared N37.4 Billion in the Programme.

CBN noted that N43.5 Billion was disbursed to 96,623 Beneficiaries in the South West geopolitical Zone while N39.3 Billion was disbursed to 89,652 Beneficiaries in the North West geopolitical Zone.

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In the North Central, N44.4 Billion was disbursed to 92,032 Beneficiaries while N44.7 Billion was share to 90,463 Beneficiaries in the South South geopolitical Zone in the Programme.

Also in the COVID-19 Targetted Credit Facility, N43.9 Billion was disbursed to 81,952 Beneficiaries in the South East geopolitical Zone.

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The Applicantion for the COVID-19 TCF Loan Scheme has ended, however, Applicants can continue to check their Approval Status through  https://covid19.nmfb.com.ng/HomeLoans (Household) and https://covid19.nmfb.com.ng/SmeLoan (SME) as Approval and Disbursement are on going.

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