Wednesday, 16 September 2020 05:11

CBN disburses N69bn Covid-19 fund to 140,000 businesses, households

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Central Bank of Nigeria (CBN) says it has disbursed N69 billion out of N100bn it set aside for Covid-19 intervention to small businesses and households.

CBN Governor, Mr Godwin Emefiele disclosed this on Tuesday during Chartered Institute of Bankers of Nigeria (CIBN), 13th conference opening ceremony in Abuja.

Recall that during Covid-19 lockdown, CBN announced a N50bn facility at 5 per cent interest rate for small businesses and households. The money was disbursed through NIRSAL Microfinance Bank and had been exhausted based on earlier data released by the apex bank.

Giving an update on CBN several interventions, Emefiele said the creation of N100bn SME and Household intervention fund was received with excitement by Nigerians.


Daily Trust