Monday, 6 April 2020

COVID-19: G-Money Initiative to assist C'Riverians acquire credit facilities up to N25m

 



As the Covid19 pandemic continues to bite harder in Nigeria with more and more persons beign quarantined daily, rapidly increasing the number from just a handful to over 200 in less than a month, the Cross River State Government has said that it will through its Green Money Initiative provide technical support to businesses and entrepreneurs in the state to access the Central Stimulus Package for household and small businesses. 




Targeted Credit Facility for COVID-19

The Central Bank of Nigeria (CBN)  introduces a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic




Concept of Targeted Credit Facility (TCF)

The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.



These outcomes have had severe consequences on households' livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.  


In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.



Now as a Cross Riverian, you can stresslesly access up to N25 million from this fund with Technical support from the Ayade Green Money Initiative 




To benefit from the Cross River Green Money, Visit www.crsgreenmoney.com to register your farm or call 08110874346 for further inquiries.




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