Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,930,423 members, 7,085,768 topics. Date: Saturday, 24 September 2022 at 04:17 PM

COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion (13938 Views)

CBN Receives Over 8 Million Applications For COVID-19 Loans / Dangote Foundation Disburses N130m To 13,000 Women In Nasarawa (Photos) / CBN Disburses Smaller Naira Notes To Traders To End Scarcity (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by valentineuwakwe(m): 12:23am On Sep 07, 2021
The Central Bank of Nigeria has disclosed that it has received over eight million applications from Nigerians for its COVID-19 Targeted Credit Facility to help households and businesses.

CBN’s Director, Corporate Communications Department, Mr Osita Nwanisiobi, disclosed this on Saturday, while fielding questions from journalists in Enugu during a one-day interactive enlightenment session with organised labour and civil society groups on the five-year policy thrust of the CBN.

Nwanisiobi, who said that CBN would not rest on its oars as the TCF had helped Nigerians exit recession and post the current Gross Domestic Product growth rate of 5.01 per cent.

He added that over 600,000 applicants had benefited from the various COVID-19-induced interventions so far.

Nwanisiobi faulted claims that residents of Enugu State didn’t receive the CBN credit facilities.

He said, “That would not be true. If you tell me that there are people who still need COVID-19 facility and who have not received it; honestly, I will agree with you.”

He said, “We started with about N50bn. We moved to N100bn, to N300bn; today; we are talking about N400bn. Now, the number of applications that we have is over eight million applications and we have done over 600,000.


Now, will people complain that they haven’t received it? The answer is yes; you see the number and then you see what we are doing.

“The reality is that we are not resting on our oars. The governor is actually very passionate because he has also seen that what we have done in this regard also help Nigerians exit recession and to post the kind of GDP that we have posted and so he is poised to do more.”

On the reason behind the targeted stakeholders for the interactive session, Nwanisiobi said the enlightenment was to educate the labour leaders who were critical stakeholders in the central bank policies, interventions, programmes and initiatives.

Source:https://punchng.com/covid-19-loans-cbn-receives-eight-million-applications-disburses-n400bn/

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by NwaAmaikpe: 12:26am On Sep 07, 2021
shocked



The complaints from Enugu can't just be because people want to complain.

This CBN's COVID-19 Targeted Credit Facility really seems to be targeted to some specific people.
Ika.. I can't talk much abeg.

What's with the other complaints of applicants not getting further instructions/mails on how to submit supporting documents just after completing the application on the NIRSAL portal?

24 Likes 3 Shares

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Anwons(m): 3:02am On Sep 07, 2021
A lot of people benefited when the money approved was 50 billion naira. The more approvals, the less the beneficiaries.

Magic of CBN I must say!

60 Likes 5 Shares

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by jibrilELsudan: 4:55am On Sep 07, 2021
CORONA FALL INSIDE THEIR ANUS

1 Like

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by malcolmjmoney(m): 4:57am On Sep 07, 2021
All this money they are sharing yet the application might be one person multipled by fake names just to make money... When govt said they are giving out cash yet the poor are still high in numbers

10 Likes 1 Share

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by money121(m): 4:59am On Sep 07, 2021
Lobatan
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by WriterX(m): 5:00am On Sep 07, 2021
angry that one is not covid loans it is cover-up loans

3 Likes

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Dmanlex(m): 5:02am On Sep 07, 2021
Audio assistance. I don't belief such because people are not benefitting.

3 Likes

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by SUGARCyprian247: 5:03am On Sep 07, 2021
All the time we hear billions..

Who are the beneficiaries?

Nawao


Let me Teach Auto Book Pay jare
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by mcayomind(m): 5:08am On Sep 07, 2021
Its almost a year now my application was forwarded to CBN for approval, I've even lost hope about the whole scheme as its been sabotage by the power that be. A man who contest for a state of Assembly seat and lose applied sometimes around July and got credited 1.2 million naira. The scheme is now been targeted and dash out to those in the seat of power.
Nigeria! Bad people, great nation!!

12 Likes 1 Share

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by benjamin007: 5:09am On Sep 07, 2021
Neatly used iPhone 8 plus for sale 120k
Interested buyers contact me 07044154707

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Faiththatworks(m): 5:09am On Sep 07, 2021
I have decided to be positive about Nigeria today,I may resume my negativity again tomorrow but today I have decided to only proffer solution and not to talk too much about the problems of Nigeria,there are 191 millions Nigerians doing that already.
For the CBN loan,I believe Nigerians must start asking for some kind of probity and accountability from Government Parastals.
Gob bless bugIT for what they are doing,always trying to simplify Government expenses to ordinary Nigerians.
The CBN needs to explain how they arrived at 8million applications,was it from online application or from people who submitted application at their different offices nationwide
My next demand is for transparency about who qualifies and who will be disqualified. We must stop this attitude of disqualifing people or companies without at least explaining to them why they were disqualified from the process.
If I know why my company or application was disqualified and my neighbor's application was approved,I will know there's some sort of transparency about the whole process.
From mamser,to better life for rural women by Babaginda,to SURE-P by President Jonathan and now all the intervention by Gen Buhari,I have noticed that Government just doesn't explain why people are chosen for projects and some other companies, communities or individuals are disqualified from accessing Government money,if and when the citizenry can understand the process,I'm sure the people will trust the system a bit more.
God bless Nigeria

13 Likes 1 Share

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Temptee101(m): 5:10am On Sep 07, 2021
Okay, no problem.

You all should just continue.
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by 2oby: 5:10am On Sep 07, 2021
Ok o.
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by ALABACONNECT(m): 5:12am On Sep 07, 2021
Play me I.T.T by Fela sad
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by kennyz247(m): 5:13am On Sep 07, 2021
loan made for d fulanis descendants ......
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by YaQsGaYa(m): 5:16am On Sep 07, 2021
Ogbona fell feli...scammers scamming scammers... We dey watch una! Tell 2face to marry Peru as second wife!

1 Like

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by akanbiaa(m): 5:20am On Sep 07, 2021
Hmmm
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by gambia(m): 5:25am On Sep 07, 2021
400 billion kee you there

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Pk01(m): 5:46am On Sep 07, 2021
Buhari and APC which way?
That's when they share 10 million in abuja we then saw it on paper that they share 10 billion.. Haahh.. In school we a kind of take a field work, if you hear complaints from people that we apply for this, yet no single reply from the government... The thing is buhari the approve the money but who is sleeping on the money?..

1.AGs loan zero
2.covid loan zero
3.Nyif loan zero
4.survival fund zero
5.manara abp zero
6.trada moni (pay only once 10k)
7.farmers loan zero

Make una tell us who dey chop the money please....

400 billion
8million applicants
Disburse to only 600,000 only.
Since the money is there what are they waiting for? Hmmn

This 400 billion can pay each and every Nigerian 1 billion cause the last I checked population of Nigeria is not upto 250 million..

In this case distribute 200k to each and every that 8million applicant account... Still you people benefited

... ( I PITY THIS PEOPLE IF NEW GOVERNMENT COME INTO POWER COME 2023) Because from the look of things the only agenda that they will have in mind is to go after this looters..


Abeg where is that BBQ vultures guy.. Nigerians no see food eat, show baba this my advice... We no see this kind of looting as of when saraki was the Sen.president

1 Like 1 Share

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by tophempire(m): 5:50am On Sep 07, 2021
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by uthlaw(m): 5:51am On Sep 07, 2021
benjamin007:
Neatly used iPhone 8 plus for sale 120k
Interested buyers contact me 07044154707
80k, where is ur location?
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Hemanwel(m): 5:55am On Sep 07, 2021
I also applied for this credit facility last year. In fact, I was among the first applicants. The pandemic really impacted on my household; yet didn't get anything.

CBN, why una nor reason my application?

Modified:

Need I also say that in the midst of the pandemic and the lockdown, where job had been lost, my wife put to bed. Still I wasn't considered for the facility.

3 Likes

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by lakesider(m): 6:15am On Sep 07, 2021
Dmanlex:
Audio assistance. I don't belief such because people are not benefitting.

Did you apply?
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Hushpuppy20(m): 6:28am On Sep 07, 2021
This people nothing but a lier, I fill the form but nothing was giving.

2 Likes

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Hassanmaye(m): 6:33am On Sep 07, 2021
mcayomind:
Its almost a year now my application was forwarded to CBN for approval, I've even lost hope about the whole scheme as its been sabotage by the power that be. A man who contest for a state of Assembly seat and lose applied sometimes around July and got credited 1.2 million naira. The scheme is now been targeted and dash out to those in the seat of power.
Nigeria! Bad people, great nation!!
Hahahhahahaha
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by melojo: 6:42am On Sep 07, 2021
I must commend CBN on this.i received mine but splashed 50%

1 Like

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by seyz91(m): 6:43am On Sep 07, 2021
cheesy
WriterX:
angry that one is not covid loans it is cover-up loans
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Codes151(m): 6:44am On Sep 07, 2021
Just they carry money dash northerners.

How many applications Una reject from south!!!

3 Likes

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by seyz91(m): 6:45am On Sep 07, 2021
cheesy
gambia:
400 billion kee you there
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Nobody: 6:46am On Sep 07, 2021
NwaAmaikpe:
shocked



The complaints from Enugu can't just be because people want to complain.

This CBN's COVID-19 Targeted Credit Facility really seems to be targeted to some specific people.
Ika.. I can't talk much abeg.

What's with the other complaints of applicants not getting further instructions/mails on how to submit supporting documents just after completing the application on the NIRSAL portal?
I have nothing to say. I quoted a legend.

1 Like

Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by malcom1X: 6:48am On Sep 07, 2021
Check your doctor's record of diagnosis of COVID and then check his bank account.

It's time to collect yours, when it's time to take the jab don't argue take the gene editing therapy

(1) (2) (3) (Reply)

Sanwo-olu, Elizabeth Jack-rich, Covenant University Honoured At Entrepreneur Awa / What Exchange Is Used In A Naira Mastercard Dollar Transaction? / Flutterwave Triples Valuation To Over $3 Billion In A Year, Raises $250 Million

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 103
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.