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COVID-19: CBN disburses N253bn to 470 households, 77, 000 SMEs


Speaking at the bank’s special day at the ongoing 42nd Kaduna International Trade Fair yesterday, Mr. Osita said the bank also reduced its interest rate on CBN intervention loans from 9 to 5 percent and initially created a N150 billion Targeted Credit Facility (TCF) for affected households and SME’s through the NIRSAL microfinance Bank.
Represented by the Branch Controller, Kaduna, Ahmed Mohammed Wali, he said the fund has since been increased in order to accommodate more beneficiaries, boost consumer expenditure and positively impact output growth.
He noted that the Anchor Borrowers’ Programme had provided intervention facilities to 3,107,949 small holder farmers cultivating 3.8 million hectares of land while about 29,026 beneficiaries have accessed N111.7 billion under the Agri-business/Small and Medium Enterprises Investment Scheme (AGSMEIS). ....

Osita Nwanisobi , Ahmed Mohammed Wali , Kaduna International Trade Fair , Borrower Programme , Department Of The Central Bank , Medium Enterprises , Medium Enterprises Investment Scheme , Acting Director Corporate , Central Bank , Targeted Credit Facility , Branch Controller , Anchor Borrower Programme , Creative Industry , கடுனா சர்வதேச வர்த்தகம் நியாயமான , துறை ஆஃப் தி மைய வங்கி , நடுத்தர நிறுவனங்கள் , நடுத்தர நிறுவனங்கள் முதலீடு திட்டம் , மைய வங்கி , இலக்கு கடன் வசதி , கிளை கட்டுப்படுத்தி , படைப்பு தொழில் ,