Responding to the COVID-19 pandemic will require the Nigerian financial sector to work differently, both during the immediate crisis and in the longer term. In the immediate term, innovation will need to focus on survival. Nigerians will need more credit when their income is interrupted, yet they may also struggle to repay those loans until regular economic activity resumes. Some financial institutions, such as microfinance banks, may be put at risk if customers are unable to repay loans for a period. Some measures, such as the Central Bank of Nigeria’s N50 billion Targeted Credit Facility, are being introduced to help bridge the gap
