₦airaland Forum

A N50bn Credit Facility has been unveiled by the Central Bank of Nigeria – a facility specifically to cater for the needs of households and small businesses that have and will be adversely affected by Coronavirus (COVID-19).

According to the CBN, those will be eligible for the stimulus package must prove that they, their livelihood and business operations have been adversely affected by the spread of the virus.

Businesses eligible for the scheme are agricultural value chain activities, hospitality, health (pharmaceuticals and medical supplies), airline service providers, manufacturing and value addition, and trading.

The maximum amount to be received depending on proof of cash flow of investment size is N25m while households can access N3m with an interest rate of 5 per cent per annum for a maximum period of one year.

The apex bank says facility will be administered by its officers and the NISRAL Microfinance Bank.

http://saharareporters.com/2020/03/25/cbn-introduces-n50bn-credit-facility-households-small-businesses-affected-coronavirus

The phone number for NISRAL Microfinance Bank is 0813 988 2220

Loans with 5% interest?

Are this people serious?

Economy go up or down, e no dey affect us Dollar rise e no rise we still dey chop






We're always buying Cashapp, Zelle, PayPal and BTC. Rate is sweet and payment is fast. Get in touch!

Let them start by removing that 7.5percent VAT if they are serious.

What of small business owners that their investment is not up to 25 million naira.

This loan is not for the masses but for the upper class.

Lolzz
Funny people

Here we go again

more dash for those beneficiaries of government patronage
this is what the cynical masses have been saying all along

helinues:
Loans with 5% interest?

Are this people serious?

They are not, obviously.

When are they dashing us money..

Or is our own Corona different?

how do we access it

Any loan given on interest is useless, evil and a total rip-off.
Emefile, stop behaving like the Jews of the old!

Another Scam.

We know who go collect that money

Other countries are giving her citizens cash for upkeep, ours is doing business and giving loans with an interest rate

How does this even benefit d local man on the street?

Again, the rich will get richer.

Bunch of confused and selfish leaders

Others country are given out money aid to their citizens your here given loan God help

Please I am in a debt of about 300k which I have to pay by ending of april and have 100k with me . Feed up , still thinking of that they asked us to clear our school fee before mid April. don't know where to get it. Any business, advice , or help please nairalanders

but u must bring 80 page business proposal and 10 senator's signatures to access d loan..

We know as e dey go.

loans to do what exactly.. to eat abi. they start running pillar to post to pay back.. God punish all of u

To do what?

Scammers, money that has already been shared among the elites and thieves senators. Believe this news at your own peril. Audio loan

ebukajay184:
http://saharareporters.com/2020/03/25/cbn-introduces-n50bn-credit-facility-households-small-businesses-affected-coronavirus

This nah for mouth, Audio money!

Ndi Ala! Ndi Ala!! Ndi Ala!!!

Lekwa ha, coro GA eme ha vum na ahu.

Rubbish. Must it be loan, can't these people learn from other countries

Bad government with bad policy

Credit as in gbese on top coro

Ok

Good plan. Loan at a reasonable interest rate.

Hmmm....I hate anything Audio

United States' Senate approved 2 trillion dollars for this.

Nigeria is talking just 50 billion naira.

Atiku donated 50 million naira.

I don't even know if we are buying Crayfish.