The Central Bank of Nigeria (CBN) says that households and SMEs applying for the N50 billion COVID-19 Targeted Credit Facility would not be required to provide guarantors.
A Central Bank of Nigeria twitter message (@cenbank) on June 8, 2020 says: ”CBN waives the requirement for the provision of guarantors by Households and SMEs applying for its N50bn COVID-19 Targeted Credit Facility.”
Following this development, CBN says: “All successful Household and SME applicants who have submitted their account details for the CBN N50bn COVID-19 Targeted Credit Facility should expect their accounts to be credited within 48 hours of such submission, otherwise they should call 09010026900.”
The CBN N50 billion Covid-19 Targeted Credit Facility aims to provide financial relief to households and small businesses negatively affected by the Covid-19 pandemic. Eligible small and medium enterprises can receive up to N25 million while qualified households can access a maximum of N3 million each.
8 Comments
ZAHRADDEEN ALHASSAN
Bauchi
Bulus Pius
is this really true because i have applied but no response, but i decide to drop this to mr Ted Iwere and mr Godwin the CBN Governor. My business Almost collapse due to the covid 19 period currently i am in need of soft loan to revived my business please i need your assistance
Isiaka Adamu
I need your help.I have applied but it has failed.I need your guidance the more.
Abubakar Muhammad Nasoro
I need a loan
Abubakar Muhammad Nasoro
Loan
Modestus
How can someone apply for this loan please?
Muhammad musa
Good
Nazifi usman Ibrahim
I need to developed my business