The Central Bank of Nigeria has said that All successful Household and SME applicants who have submitted their account details for the CBN N50bn COVID-19 Targeted Credit Facility should expect their accounts to be credited within 48 hours of such submission.
Recall, that the CBN had introduced the N50bn Targeted Credit Facility as a stimulus package to support households and Micro, Small and Medium Enterprises affected by the COVID-19 pandemic.
The N50bn intervention which is financed from the Micro, Small and Medium Enterprises Development Fund is determined based on the activity, cash flow and industry size of the beneficiary, subject to a maximum of N25m for SMEs.
It stated that Households with verifiable evidence of livelihood adversely impacted by COVID-19 can access the loan to a maximum of N3m.
The Central Bank of Nigeria who made the update on their official Twitter handle on Monday (today), wrote that all successful applicants under the CBN COVID-19 Targeted Credit Facility, and whose accounts have not been credited should go to nmfb.com.ng and input their account details in any bank of their choice.
![\"\"](\"https://upgrade.ourworldgist.com/wp-content/uploads/2020/06/Screenshot_20200609-092916-150x300.png\")
CBN assured that all successful Household and SME applicants who have submitted their account details for the CBN N50bn COVID-19 Targeted Credit Facility should expect their accounts to be credited within 48 hours of such submission, and that anyone not credited, should call the number, 09010026900 for Complains.
To Apply For The Loan, Follow This Links: Guidelines & Other Information You Need To Know Benefit From CBN Intervention N50Billion Loan
