Central Bank of Nigeria: N503.3 billion Loans to over 881,000 Recipients – NIRSAL MfB Loan for COVID-19

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:

See also:

Hidden Secrets of Money – What is Real Money?
Hidden Secrets of Money – Why is There Inflation and Imbalance of Wealth?
Hidden Secrets of Money – The Hidden Truth about Money
Hidden Secrets of Money – How to Make Yours
Hidden Secrets of Money – World Rich List by Country Natural Resource Reserves



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