-Apex Bank Says 8 million applications Received So far
The Central Bank of Nigeria said it has disbursed N400 billion and received over 8 million applications from Nigerians for its Covid-19 Targeted Credit Facility (TCF) to help households and businesses that have been negatively impacted by the coronavirus pandemic.
CBN’s Director, Corporate Communications Department, Mr Osita Nwanisiobi made this disclosure while fielding questions from journalists in Enugu during a one-day interactive enlightenment session with organised labour and civil society groups on the five-year policy thrust of the CBN.
Nwanisiobi, who said that CBN would not rest on its oars as the TCF had helped Nigeria exit recession and post the current Gross Domestic Product growth rate of 5.01%.
Nwanisiobi said that more than 600,000 applicants had benefited from the various Covid-19-induced interventions so far, faulting claims that residents of Enugu State didn’t receive the CBN credit facilities.
Nwanisiobi noted that the major reason for the targeted stakeholders’ interactive session was to educate the labour leaders who were critical stakeholders in the CBN policies, interventions, programmes, and initiatives.