Covid-19 Loan – Did you apply for the Central Bank of Nigeria, CBN COVID-19 Targeted Credit Facility (TCF) Loan for households and SME’s in 2020 and yet to receive your loan payment?
Also Read >>>> Link To Apply For CBN NIRSAL Covid-19 TCF Loan
Recall that the corona virus (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.
These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.
In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and micro, small and medium enterprises (MSMEs) affected by the COVID-19 pandemic.