Dr J. O. Acha, Dr C. M. Erim & Dr K. Chukwuemeka Obetta
Abstract
The study assessed COVID-19 Central Bank of Nigeria (CBN) Targeted Credit Facility (TCF) on sustainable community development in Enugu State. Specifically the study identified cooperative groups that were captured by COVID-19 CBN targeted credit facility; examined its impact on the economic activities of its members; and the pattern of social economic activities engaged in by members in Nsukka Local Government Area of Enugu State. The study adopted a descriptive survey research design. Three research questions and one hypothesis guided the study. The population comprised all members of cooperative societies in Nsukka Local Government Area of Enugu State. A sample size of 521 cooperative members was selected for the study. Data were collected through questionnaire and analyzed using percentages, mean and ANOVA. The results showed that cooperative societies that were captured for the COVID-19 CBN targed credit facility (TCF) were agriculturally inclined. The study found out that COVID-19 targeted credit facility to members of the cooperative societies had significant impact on their economic activities. The study also discovered that livelihood was restored in the communities, even if not totally. The paper recommends that monitoring apparatus should be set up to ensure that funds given out are properly utililised.