Covid 19 Action Recovery and Economic Stimulus Program Registration 2021/2022 for Business Loan

Development Projects NIGERIA COVID-19 Action Recovery and Economic Stimulus Program
Development Projects NIGERIA COVID-19 Action Recovery and Economic Stimulus Program

Covid 19 Action Recovery and Economic Stimulus (NG CARES) Business Fund and Loan from World Bank to mitigate the effects of the COVID 19 pandemic.

We use this medium to inform the general public about 2021/2022 National Covid 19 Action Recovery and Economic Stimulus Program for Micro businesses (3 9 employees) and Small businesses (10 50 employees). At the end of this article I will show you steps to register online, link to apply successfully and requirements involves.

About – The National Covid 19 Action Recovery and Economic Stimulus (NG CARES) will assist vulnerable Nigerians who were hit by the pandemic. It is a multi-sectoral programme designed to provide immediate emergency relief to vulnerable and poor Nigerians, smallholder farmers, and small and medium enterprises that were adversely affected by the COVID-19 pandemic using the World Bank grant of $750m over a period of two years which is from 2021 2023″.

Read – NEDIS Covid-19 Special Fund Registration 2021

Each state will receive the sum of $20 million dollars over a period of two years while the FCT will get $15 million and the Federal Care Support gets $15 million with effect from June 30, 2021.

Read –

Selected Businesses

  • Micro businesses (3 9 employees)
  • Small businesses (10 50 employees)

Required Documents for 2021/2022 World Bank NG CARES

  1. Proof of identification (NIN, Driver’s License, Voter’s Card. etc.)
  2. Proof of residence (Utility Bills, Voters Card)
  3. Proof of age (NIN, Voter’s Card, Driver’s License)
  4. Proof of Bank Verification Number (BVN Printout duly stamped by the Bank)
  5. Proof of business operations (Cash Book Register, Bank Statement, etc.)
  6. Proof of business ownership (CAC Registration Documents, TIN)

How to Apply for Covid 19 Action Recovery and Economic Stimulus 2021 – 2022

Interest applicants can apply through the NG Cares agents/enumerators in your communities or contact your community CDC Chairman, Women Leader, or Youth President for registration information.

Forms have been shared with these persons. For more Information Click Here

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