The Central Bank of Nigeria (CBN) introduced the N50 Billion Targeted Credit Facility to support Households and SMEs affected by the COVID-19 Pandemic.

This is a good news to Nigerians, as CBN roles out the second phase of COVID-19 loan, called COVID-19 Targeted Credit Facility (TCF).

To those who missed out on the first phase, here comes the opportunity for them to participate as the site has been opened once again for both Household and SME loans.

The effect of the COVID-19 pandemic on individuals, private and public companies has been so much that the Federal Government of Nigeria has taken different measures to ease the situations.

 

The measures taken include: Survival Fund, Nigerian Youth Investment Fund (NYIF), and COVID-19 loan.

Different forms of loans are injected into the economy through individuals and companies to ease the effect of the pandemic on the nation’s economy.

To access COVID-19 Targeted Credit Facility (TCF) follow this link COVID-19 TCF.

Just as other loans like AGSMEIS and co, this COVID-19 TCF loan is as well placed under the administration of Nirsal Microfinance Bank (NMFB).

Click here to apply to apply for the loan.

 

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