Just In: CBN Rolls Out N50Bn in Finance Support Measures to reduce effect of Covid-19

Central Bank of Nigeria (CBN), on Monday, rolled out policy measures to ameliorate effects novel coronavirus on families and businesses.

Some of these include a targeted N50bn loan facility for households and medium and small businesses.
The bank has also extended moratorium on its intervention funds by one year.

Addressing the press, Governor Godwin Emefiele said interests on its N3 trillion intervention facilities has been reduced from nine per cent to five per cent beginning from March 1, 2020.

Also, CBN will give credit support to the health industry in the form of loans to pharmaceutical companies, hospitals and health care practitioners.

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