More Nigerians to Benefit From COVID-19 Loan

Source: africanews

In a bid to help household owners and Small and Medium Enterprises (SMEs) in Nigeria overcome the adverse effects caused by the Corona virus, the Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has announced the reopening of its portal for Micro Small and Medium Enterprises (SMEs) and households affected by COVID-19 to access up to $70,000.

Chairman, Nigeria Association of Small and Medium Enterprises, Abuja, Abiodun Ihebuzor says the initiative is laudable, adding that each of the banks in Nigeria will give 5 percent of its profit for this purpose.