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The Central Bank of Nigeria (CBN) has disclosed the guidelines that must be followed by individuals and companies to access the N50 billion targeted credit facility for households and Small and Medium Enterprises(SMEs) that are badly hit by COVID-19.
This was disclosed in a circular issued by CBN and signed by its Director, Financial Policy and Regulation, Kevin Amugo.
The apex bank had last week unveiled the fund in response to the coronavirus pandemic, which had led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, lockdown of large swaths movements of persons in many countries, among others.
See the guidelines below;