THE Central Bank of Nigeria has disclosed that it has so far received over eight million applications from Nigerians for its Covid-19 Targeted Credit Facility to help households and businesses.
The apex bank’s Director, Corporate Communications Department, Osita Nwanisiobi, 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 5-year policy thrust of the CBN.
Nwanisiobi explained that the CBN would not rest on its oars as the TCF had helped Nigerians exit recession and post the current Gross Domestic Product growth rate of 5.01 per cent.
He added that over 600,000 applicants had benefited from the various Covid-19-induced interventions so far, and faulted claims that residents of Enugu State didn’t receive the CBN credit facilities.
He said, “That would not be true. If you tell me that there are people who still need COVID-19 facility and who have not received it; honestly, I will agree with you.”
“We started with about N50bn. We moved to N100b, to N300b; today; we are talking about N400b. Now, the number of applications that we have is over eight million and we have done over 600,000.
“Now, will people complain that they haven’t received it? The answer is yes; you see the number and then you see what we are doing.
“The reality is that we are not resting on our oars. The governor is actually very passionate because he has also seen that what we have done in this regard also help Nigerians exit recession and to post the kind of GDP that we have posted and so he is poised to do more.”
Nwanisiobi said the reason behind the targeted stakeholders for the interactive session was enlightenment of the labour leaders who were critical stakeholders in the central bank’s policies, interventions, programmes and initiatives.
