The disbursement of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility would begin on Thursday.
The CBN had introduced the N50bn Targeted Credit Facility as a stimulus package to support households and Micro, Small and Medium Enterprises affected by the COVID- 19 pandemic.
The fund has received over 80,000 applications.
The Managing Director, NIRSAL Microfinance Bank, Mr Abubakar Kure, confirmed the development.
He said, “But we are hopeful that towards Thursday or Friday, the disbursement of the fund would commence .”