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TARGETED CREDIT FACILITY (TCF)
The Central Bank of Nigeria revealed that it has disbursed N400 billion and received over 8 million applications...
The CBN has disbursed a total of N106.96 billion to 27,956 beneficiaries of AGSMEIS.
The apex bank disbursed over N152.9 billion to the manufacturing sector to finance 61 manufacturing projects.
The plan had been approved to help small businesses pull through these challenging times.
Meanwhile, in Nigeria, SMEs and households are struggling to access CBN’s TCF loans.
Lockdown around Kano, Lagos, Port Harcourt, and incidentally Kaduna and they constitute a significant part of the applicants that applied for the loans.