• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Loan: CBN disburses over N300 billion to SMEs, health, agric, manufacturing sectors

Abiola Odutola by Abiola Odutola
July 21, 2020
in Politics, Socio Economic
diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  , Increasing food prices might erase chances of CBN cutting interest rate   , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million  , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN Governor, Godwin Emefiele

Share on FacebookShare on TwitterShare on Linkedin

The Central Bank of Nigeria (CBN) has disbursed over N300 billion to operators in the Small and Medium Enterprises space, together with the Healthcare, Agriculture, and Manufacturing sectors, among others to cushion the effects of the Coronavirus pandemic on their businesses.

This was disclosed in the communique issued by the Monetary Policy Committee of the Central Bank of Nigeria, which was read by the Governor of the apex bank, Godwin Emefiele,  on Monday. It is important to note that the CA-COVID Private sector intervention scheme and other sector-specific facilities are not included in the disbursed fund.

READ ALSO: Nigerians Banks issue N3.3 trillion in new loans in June 2020

RelatedStories

New COVID-19 Variant XEC not in Nigeria – FG 

New COVID-19 Variant XEC not in Nigeria – FG 

December 7, 2024
PDP calls for investigation into alleged fraud in Kebbi’s NG-Cares disbursement

PDP calls for investigation into alleged fraud in Kebbi’s NG-Cares disbursement

September 10, 2024

While recognising the supportive developmental roles of the CBN towards addressing some structural issues amid COVID-19, the committee disclosed that the apex bank has disbursed N49.19 billion out of the N50 billion Household and SME facility to over 92,000 beneficiaries since the facility was launched in April 2020.

Also, the apex bank disbursed over N152.9 billion to the manufacturing sector to finance 61 manufacturing projects and another N93.6 billion to the Healthcare sector, amongst many other sector-specific facilities.

He said, “The N100 billion healthcare and N1.0 trillion manufacturing and agricultural interventions meant to support the rebound in growth from the impacts of the pandemic on the economy is laudable.”

READ ALSO: CBN takes another major step towards regulating Nigerian fintech firms

The Committee further commended the CBN coordinated CA-COVID – Private sector intervention scheme, which had mobilized over N32 billion to support the economy, lives and livelihoods. It was hopeful that upon further drawdown of the intervention facilities, the much-needed reset and rebound of the Nigerian economy would become a reality.

Domestic credit

Emefiele added that the aggregate domestic credit (net) grew by 5.16% in June 2020 compared with 7.47% in May 2020. According to him, the Committee commended the CBN Loan-to-Deposit Ratio (LDR) initiative to address the credit conundrum, as the total gross credit increased by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020.

Explore research data on Nairalytics from Nairametrics

He attributed the development to manufacturing, consumer credit, general commerce, information & communication and agriculture, which are productive sectors of the economy.


Follow us for Breaking News and Market Intelligence.
Tags: Business NewsCA-COVID-19Covid-19Nigeria NewsTargeted Credit Facility (TCF)
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

Related Posts

New COVID-19 Variant XEC not in Nigeria – FG 
Health

New COVID-19 Variant XEC not in Nigeria – FG 

December 7, 2024
PDP calls for investigation into alleged fraud in Kebbi’s NG-Cares disbursement
Business News

PDP calls for investigation into alleged fraud in Kebbi’s NG-Cares disbursement

September 10, 2024
Oyo state government
Business News

FG never gave N570 billion to 36 States – Seyi Makinde counters President Tinubu  

August 9, 2024
President Bola Tinubu,
Economy

FG asks World Bank to cancel $41.62 million balance of COVID-19 loan 

July 4, 2024
COVID-19, currency redesign, fuel subsidy removal are key drivers of food inflation in Nigeria – Ibrahim Maigari 
Economy

COVID-19, currency redesign, fuel subsidy removal are key drivers of food inflation in Nigeria – Ibrahim Maigari 

June 23, 2024
SERAP
Legal & Regulations

CBN vs SERAP: Court rules NGOs “cannot call itself pressure group”

May 28, 2024
Next Post
How to buy PTA this Christmas 

Dollar scarcity worsens as exchange rate falls to N472/$1 at black market 

Comments 8

  1. Nancy says:
    July 21, 2020 at 11:17 am

    The loan is good but CBN should make it lighter for the beneficiaries,double payment of VAT on imported equipments, and also the percentages paid to Vendors through the Narsal bank is just too much. At the end of the day the person doesn’t have enough capital to run the business.

    Reply
  2. Dayyabu lawan says:
    July 22, 2020 at 10:52 am

    Now I like this CBN loan how can I get it

    Reply
  3. Safuratu says:
    July 22, 2020 at 11:21 pm

    I wonder how some people got these loans. I applied severally but no where to be found!

    Reply
  4. Christian says:
    July 22, 2020 at 11:42 pm

    Please how can I access this CBN loan for farming and animal husbandry.I have 20 acres of land.Christian.

    Reply
  5. Bashir idris says:
    July 23, 2020 at 1:51 pm

    How I can get the loan. Please.? From CBN. Bashir

    Reply
  6. Anonymous says:
    August 3, 2020 at 11:49 pm

    How I can get the loan please from CBN Aliyu

    Reply
  7. Suleiman adamu says:
    July 16, 2021 at 9:14 am

    2184824296 Suleiman Adamu uba

    Reply
  8. ayuba abdullahi says:
    October 23, 2021 at 2:23 pm

    buni

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 
  • Africa needs gas as a transformational fuel for development – Sahara Group 
  • FG to pilot 6-month training for 3,000 artisans in 10 construction trades across 3 states  

Follow us on social media:

Recent News

President Tinubu appoints 6 Chief Medical Directors for federal hospitals on 4-year terms 

President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 

July 13, 2025
Africa needs gas as a transformational fuel for development – Sahara Group 

Africa needs gas as a transformational fuel for development – Sahara Group 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics