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How to Access the CBN COVID-19 Credit Facility

Dear ,The coronavirus (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, lock-down of 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 a drop in global demand, declined consumer confidence and slowdown in production. 

In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Naira Targeted Credit Facility (TCF) as a stimulus package to support households and micro, small and medium enterprises (MSMEs) affected by the COVID-19 pandemic. This article highlights how you can access the 'Credit Facility'

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Stay Safe!Sincerely,Oluchi Johnson-AchibiriCommunity Manager, msmehub.orgFATE Foundation1st Floor, Water Corporation BuildingIjora, Lagos

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