The CBN in 2020, introduced the TCF with a ₦50 billion package to cushion the effect of the economic meltdown during the COVID-19 era. The TCF was created to support households and micro, small and medium enterprises (MSMEs).
The CBN document further stated that out of the ₦419.42 billion disbursed, the total amount of principal repayments was ₦41.39 billion, and interest repayments stood approximately at ₦174.60 million.
Further breakdown also showed an outstanding amount of roughly ₦378.03 billion, while the overdue repayment stood at ₦261.07 billion.
