CBN To Create N50 Billion Fund For Coronavirus Affected Families, Businesses - Godwin Emefiele

3 months ago by: Adegbenga Ayinla
-- (m) at 17-03-2020 01:43PM (3 months ago)

(6677 | Gistmaniac)


The Central Bank of Nigeria (CBN) has said that N50 billion has been earmarked to support families and businesses affected by the impact of the novel coronavirus in the country.

Speaking to journalists in Abuja on Monday, Governor of the apex bank, Godwin Emefiele, explained that six key initial policies will be introduced to help combat the Covid-19 scourge on the nation’s economy.

He added that the interest rate for loans will be reduced from nine to five percent for one year effective from 1st March 2020.

Mr. Emefiele said that the healthcare sector will receive credit support in a bid to help them produce medications that can help contain the spread of the virus.

Other policy interventions announced by the apex bank governor include strengthening of loan to deposit ratio, an extension of the moratorium on loans and regulatory forbearance.


-- Osahenogae1 (m) at 17-03-2020 04:24PM
(1197 | Gistmaniac)

Na corruption e go take end as usual!
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-- crusita (f) at 17-03-2020 05:12PM
(873 | Upcoming)

Nigerian nigeria with crazy leaders pls stop this shit,which family?theives
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-- crusita (f) at 17-03-2020 05:16PM
(873 | Upcoming)

Even the nederland or most effected country don,t give that money out ,france ask it citizen to stay at home for 15days to overcome spread so how come nigeria CBG
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-- crusita (f) at 17-03-2020 05:17PM
(873 | Upcoming)

to loan to family ,big theive
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-- jahlovesme (m) at 18-03-2020 09:31AM
(6677 | Gistmaniac)

scope of embezzlement
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