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Covid-19 Response Really Took Much from Nigeria

COVID-19: The Nigeria's N50 Billion Targeted Facility For Small Businesses  - Tekedia

What the Central Bank of Nigeria (CBN) said on its Covid-19 response: “Cumulatively, the bank’s intervention efforts represented about 3.5% of the GDP.”

"Given the above consequences of the COVID-19 pandemic on key economic variables, the CBN took a number of measures to mitigate the long-term effects on the growth prospects of the economy.

“First, policy measures were introduced to restore stability in the economy by supporting households that have been severely affected by the pandemic.

“Also, targeted interventions were introduced to support critical sectors, such as agriculture, manufacturing, energy, and health. “Cumulatively, the bank’s intervention efforts represented about 3.5% of the GDP.”