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Lack of KYC, BVN impede access to CBN’s N50bn COVID-19 fund

...only N4.1bn disbursed to 5,868 ... Organisations engage applicants on easy access

The N50 billion Targeted Credit Facility for households and Small and Medium Enterprises (SMEs) introduced in March 2020 by the Central Bank of Nigeria (CBN) has been poorly accessed so far. The low access to the fund released as a stimulus package to mitigate the impact of COVID-19 is attributed to low adoption of Bank…

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