The Central Bank of Nigeria has set December
thirty-first, 2024 exit date for its intervention loans to the Small
and Medium Enterprises and households aimed at cushioning the effects
of coronavirus on businesses and the people.
It also gave December thirty-first, 2030 as the exit date for the
COVID-19 intervention funds for the pharmaceutical sector in its
guidelines for the funds.
Recently, the banking regulator disclosed a combined one hundred and
fifty billion naira n intervention fund to ease the impact of the
pandemic on some sectors.
This was with a view to strengthening the sector’s capacity to meet
potential increase in demand for healthcare products and services.
To access the loan, it stated, that eligible households or the MSMEs
shall submit applications directly to NIRSAL Microfinance Bank and the
application must, among others, contain the BVN number.
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