The coronavirus pandemic, has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, lockdown of large swaths movements of persons in many countries, among others. As a result of this and many other disruptions, the Central Bank of Nigeria (CBN) unveiled the N50billion Targeted Credit Facility as a stimulus package to support households and Micro, Small and Medium Enterprises affected by the COVID-19 pandemic. Below are likely questions and the answers on the application process for this facility.
1. Which financial institution do I apply to, to enable me access the targeted loan facility provided by the Central Bank of Nigeria?
Applications for the Targeted Loan Facility are to be made only to........
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CBN NOMINATED MICROFINANCE BANK FOR COVID-19 LOAN