The CBN introduced the TCF with a ₦50 billion package to cushion the effect of the economic meltdown during the COVID-19 era. A document from the Central Bank of Nigeria (CBN) has shown that some beneficiaries of the COVID-19 funds issued under the CBN and NIRSAL Microfinance Bank’s Targeted Credit Facility (TCF) have failed to make refunds.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…