The Central Bank of Nigeria (CBN) has set December 31, 2024 exit date for its intervention loans to the Small and Medium Enterprises and households aimed at cushioning the effects of corona virus on businesses and the people.

It added that December 31, 2030 has also been set as the exit date for the COVID-19 intervention funds for the pharmaceutical sector in its guidelines for the funds.

The CBN earlier introduced a 50 billion naira Targeted Credit Facility as a stimulus package to support households and Micro, Small and Medium Enterprises affected by the COVID-19 pandemic, and guidelines to access the funds.