HOUSEHOLDS, BUSINESSES CAN APPLY FOR N50BN COVID-19 LOANS – CBN

HOUSEHOLDS, BUSINESSES CAN APPLY FOR N50BN COVID-19 LOANS – CBN

THE CENTRAL BANK OF NIGERIA HAS SAID THAT HOUSEHOLDS AND BUSINESSES AFFECTED BY THE COVID-19 CAN NOW APPLY FOR LOANS UNDER ITS N50BN TARGETED CREDIT FACILITY.
IT SAID THE STIMULUS PACKAGE WAS TO SUPPORT HOUSEHOLDS AND MICRO, SMALL AND MEDIUM ENTERPRISES AFFECTED BY THE COVID-19 PANDEMIC, ADDING THAT BENEFICIARIES COULD ACCESS UP TO N25M.
THIS WAS DISCLOSED IN A TWEET BY THE NIGERIA INCENTIVE-BASED RISK SHARING SYSTEM FOR AGRICULTURAL LENDING MICROFINANCE BANK.