CBN Introduces N50bn Credit Facility For Households, Small Businesses Affected By Coronavirus | Sahara Reporters

Coronavirus

Those eligible according to the apex bank must prove that they, their livelihood and business operations have been adversely affected by the spread of the virus.

Coronavirus

3/25/2020

.cenbank Introduces N50bn Credit Facility For Households, Small Businesses Affected By Coronavirus | Sahara Reporters Those eligible according to the apex bank must prove that they, their livelihood and business operations have been... READ MORE:

Those eligible according to the apex bank must prove that they, their livelihood and business operations have been adversely affected by the spread of the virus.

by SaharaReporters, New York Mar 25, 2020 The Central Bank of Nigeria has announced that it would give a N50bn Targeted Credit Facility to households and small businesses affected by Coronavirus (COVID-19). 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 facility will be administered by the NISRAL Microfinance Bank and the Central Bank of Nigeria. Read more: Sahara Reporters

Transfer d money to our accounts Transfer money to our accounts and stop all this noise We got 40 million BVN account holder Do the needful and don't loot the funds during this pandemic Let's know the step to take to get the relief funds Credit that would ultimately be given to cronies and allies. That would NEVER get to the poor!? The rich getting richer and the poor getting poorer

Is there any Nigerian or Nigerian business that is not affected by COVID 19 Epidemic? We should please stop deceiving ourselves. Everyone is affected. Go ahead and see how the suffering could be alleviated You asked for the money, they have made it available in print for them to steal it into their pockets. Una for no just ask for any money; na them go chop am for unable neck. RARA Forget about the big things o, say make we talk about the small things o... aye aye o ayeogbemeji o

Implementing it is where problems lyed. Given the population the cash will have an approximate zero impact on the common man, Nigerians are not lazy. Spare us the peanuts and create the enabling environments for businesses to thrive. Historically programs like these are accompanied by flawed implementations and fraud.

this is very easy to give all the citizen money by using BVN or voter card and national cards. just use good method to give stay at home cash. CBN na scam... they give loans only to angels. No poor man gets loan directly from them..all na format What is the link or process to access the facility? Otherwise political and administrative fraudstars will hijack it

CBN lists conditions to access N50bn Covid-19 intervention fundToo much money in this country but but people are dying of hunger virus everyday, you won't hear that in the media, do you know why, it's cus hunger doesn't kill the rich. Conditions for what bikonu? N50bn for how many people? I was laughing at Tunisia who put out USD900M

N50bn that ppl at the top will syphon How do we access it. Nigerian factor must enter. ... With which data? How will d money Get to us Let them credit us everyone is affected by corona virus .They have our Bvn so easy for them to send payment to our account. Nigeria and unnecessary bureaucracy. Just another to corner and steal. Na today!!!!!! If they're serious about citizens, they know what to do. All these red tapes, is to favour them-them.

How do we access it? They should stop giving us all this grammar, this money will still end up in the politicians personal account. IAmMrMeks how do we access this facility? Abi Dem dey whine us ní🤔 The way you make your bed is the way you lie on it.

Senate committee threatens to issue arrest warrant for CBN GovernorThe Senate Committee on Public Accounts might consider demanding an arrest warrant for the Governor of the CBN, Godwin Emefiele We are in crisis and all you need do is look for a way to solve this issue and your all talking about arrest, probably for selfish interests. Lmao why? Wetin happen

This is commendable. But, what happens to other Nigerians that are not SMEs owners as well as in event where those businesses are required to closed because of COVID -19. Credit facility.... we go still fill form tire the money no go come. dijaycinch How will it get to the masses We no want😒😒😒 America dey offer up to a $1,000. Ordinary how much, CBN no go let us hear word again.

When are we collecting the money God help us that this is not another lost of billions I hope is not Atiku Abubakar donation. Because this people can do and undo Abeg they should credit us through our bvn... They have our details already.. Pls God no go shame us ooo, no give my money to any politician for me ooo.

Cbn has the bvn of all nigerians ...no point of looking for a way to share.

CBN retains benchmark lending rate at 13.5%get_carbon take note.. This is wicked Amidst this pandemic CBN still retains the lending rate. They ain't ready. They don't know what's coming in two weeks they will know how far.

Audio credit I pray o How do we apply for it Let it get to the masses pls! Hope it ain't audio money Sha🙄 Just now, just now? Another window don come for people to embezzle money o. I hope the money will get to us How will this money go round ? CBN should just start disbursement, no time for stories. Audio money

CBN Retains MPR At 13.5 Per CentCBN Retains MPR At 13.5 Per Cent. Cbn haven't shutdown activities? Why can't dey value d naira against d dollar., pound and euro?..abi dem swear for dem

How do we get access to this credit for what.. all the missing money should show up now.. if you give d credit we ain't paying back.. Sheybi they say they disburse 1 trillion Just credit every Nigerians 5m each, we go the alright How can this funds be accessible to the ordinary people they will share this money among themselves

Audiooooo! The Central Bank of Nigeria has announced that it would give a N50bn Targeted Credit Facility to households and small businesses affected by Coronavirus (COVID-19). Those eligible according to the apex bank must prove that they, Another scam. How will the cash get to us. How? BVN if they are serious. But, let's hope.

Why credit for household! Who de do us for this country. We need grant not credit. After all the money evolves within the economy.

BREAKING: Again, CBN retains benchmark lending rate at 13.5%

must prove that they, their livelihood and business operations have been adversely affected by the spread of the virus. .. (BY DEFAULT EVERY ONE IS AFFECTED) SHAME ON NIGERIA dappyboy0489 Credit? That means loan right if I’m not mistaken !! What’s this na Guys it's a loan it's not free money This is a sham, how would this be distributed and shared

They still want to Steal from us again?

Why CBN retained monetary policy rates - Emefiele - Premium Times NigeriaThe CBN governor said the MPC felt the decision would stimulate the economy in the short term, and boost aggregate supply and demand. Government should thinks of how to compensate the citizens by credit their account through Bvn,instead of CBN talking of how they retained monetary policy cbnpaycitizenforsatyingathome



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