According to Nigeria’s Bureau of Statistics and United Nations Development Programme, 20% of Nigerians lost their jobs due to the pandemic. This has led to hardship and increasing restlessness and depression. Several envrionmental influences has also affected people trying other means of business. Thus any source for soft loans will be much needed.
The Central Bank of Nigeria through NIRSAL Microfinance Bank is disbursing loans, as low as 9% interest rate to various categories of recipients. This is aimed at cushioning the impact on the economy by the health situation. See link to NIRSAL MfB platform to further explore:
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