The Federal Government ₦3 million Covid-19 Loan Application to 600,000 Nigerians

The Federal Government has disbursed a ₦3 million Covid-19 loan to 600,000 Nigerians. Find out if you’re one of the lucky recipients right now!

Over 600,000 applicants had benefited from the various COVID-19-induced interventions so far. GET ACCESS!

           APPLY HERE

The Central Bank of Nigeria has revealed that it has received over eight million applications from Nigerians for its COVID-19 Targeted Credit Facility, which is designed to assist households and businesses.

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Mr. Osita Nwanisiobi, CBN’s Director of, the Corporate Communications Department, disclosed this on Saturday while fielding questions from journalists in Enugu during a one-day interactive enlightenment session with organised labour and civil society groups on the CBN’s five-year policy thrust.

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Nwanisiobi stated that the CBN would not rest on its laurels because the TCF had helped Nigerians exit the recession and achieve the current GDP growth rate of 5.01 percent.

He also stated that over 600,000 applicants had benefited from COVID-19-induced interventions thus far.

Nwanisiobi disputed claims that Enugu State residents did not receive CBN credit facilities.

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“That would not be true,” he said. If you tell me that there are people who still require the COVID-19 facility but have not received it, I will honestly agree with you.”

“We started with about N50 billion,” he explained. We went from N100 billion to N300 billion, and now we’re talking about N400 billion. We now have over eight million applications and have completed over 600,000 transactions.

“Will people now complain about not receiving it?” Yes, you see the number, and then you see what we’re doing.

“The truth is that we are not resting on our laurels.” The governor is actually very enthusiastic because he has seen that what we have done in this regard has also helped Nigerians exit recession and post the kind of GDP that we have posted, and he is ready to do more.”

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Nwanisiobi stated that the reason for the targeted stakeholders for the interactive session was to educate labour leaders who were critical stakeholders in the central bank’s policies, interventions, programmes, and initiatives.

3 thoughts on “The Federal Government ₦3 million Covid-19 Loan Application to 600,000 Nigerians

  1. I uzoho chinasa have never benefit any loan from federal government and I will be very happy to benefit from this one

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