CBN N50 Billion COVID-19 Loan: Nigerians React To NIRSAL’s Call For Repayment

­The management of NIRSAL Microfinance Bank has requested for the payback of COVID-19 loans secured by many entrepreneurs across Nigeria through the Central Bank of Nigeria’s (CBN) Targeted Credit Facility (TCF).

This call was made by the financial institution on Monday via its Twitter handle.

Nigerians on Twitter have been having a complex discussion about the repayment of NIRSAL loans with some admitting that they do not have the means to pay back the loans.

Following NIRSAL’s tweet request for the repayment of the loans, Twitter users have expressed mixed feelings, an indication that the financial institution may have a problem getting back most of the loans.

A Twitter user, Abdulrasheed Ibrahim with the handle, @Abdulra19898072 made some claims that are hard to verify but his comment had the most interactions. He said, “@cenbank  I don’t think many people have the means of paying, coz those that want to do business were not the ones given the loan, rather, some of your staff collected % from individual and randomly disbursing to those that will buy iPhones.”

– Nairametrics