The Central Bank of Nigeria, has currently decided to see to the immediate disbursement of the covid-19 loan that has been long awaited by the Nigerian citizens.
All applicants who applied for this cbn covid-19 loan, should also note that there will be a 1-year moratorium for each and every applicants after which they will start paying back the loan installmentally.
All applicants, should also note that the term for this loan is 3 years. And and it has been categorised into two places. The first one is for the household while the second one is for the small and medium scale Enterprise, (SMSE).
After the loan must have been disbursed to every applicant who qualified, the Central Bank of Nigeria will also send selected persons who will later look into how the disbursed loan, to each and every applicant is being used for whatever business they applied for.
The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has also promised Nigerians that in the shortest period of time, the loan will be disbursed to every applicant who has qualified for the loan.
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