IssuesNg TvLatest NewsNational Issues
Trending

CBN Begin Disbursement Of N50bn COVID-19 Funds To Households

CBN Begin Disbursement Of N50bn COVID-19 Funds To Households

The Central Bank Of Nigeria CBN, has approved the sharing and disbursement of the N50bn targeted at households badly affected by COVID-19 pandemic.

According to NIRSAL Microfinance Bank, who the CBN handed the management of this funds has said it has received over 80,000 applications and would start the cash disbursement from Thursday 23rd April 2020. Punch Reports.

Recall that the CBN had introduced the N50bn Targeted Credit Facility as a stipends to support households and SMEs affected by the COVID-19 pandemic.

HEY!! CALM DOWN!! Do You Know You can Get All Our News Reports On WhatsApp? CLICK HERE to Check out!!

According to CBN guidelines, those that can benefit from this funds are households with verifiable evidence of livelihood adversely impacted by COVID-19, Existing enterprises with verifiable evidence of business activities adversely affected by the COVID-19 pandemic and Enterprises with bankable plans.

IssuesNG

IssuesNG is an online media outfit that publishes Nigerian Breaking News, Biafran News, Politics, Lifestyle, Crime and World News. Articles made on this site are not misleading they are all verified, non questionable and credible. TRUST IS WHAT WE TEND TO ACHIEVE.

Related Articles

Please Do Drop A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
Close
Close