Throughout the world, the covid-19 has been a clog on the economic prosperity of several countries. Things are not the way they used to be. Businesses have stopped making profits due to the restriction of movement. So many contracts have been breached as a result of this pandemic, Covid-19. In consequence, countries have risen to fight against this pandemic in plethora of ways. Some countries have released palliative measures to combat the pandemic.
In the same respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) which intends to serve as a stimulus package to support households and micro, small and medium enterprises (MSMEs) affected by the Covid-19 pandemic.