The Central Bank of Nigeria has revealed that over 80,000 applications have so far been received from businesses and individuals three weeks after it released the guidelines for the 50 billion naira targeted credit facility.

The Managing Director, NIRSAL Microfinance Bank, ABUBAKAR KURE, confirmed this during a media briefing in Abuja.

Giving a breakdown of the 80,000 applications, the KURE says 40,000 of the applications were from households while 30,000 applications were received from the SMEs.

He added that the bank would begin the disbursement of the fund to those who met the criteria set by the apex bank from next week.