CBN To Support Health Sector With N200bn

CBN To Support Health Sector With N200bn      

The Central Bank of Nigeria (CBN) has said that it will support Nigeria’s healthcare industry with the sum of Two Hundred Billion Naira (N200bn).

THE NATION reports that the CBN says that the support will help to boost Nigeria’s economic recovery and generate jobs in the sector.

This was disclosed by the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele during the inauguration of Duchess International Hospital in Ikeja, Lagos State. Information Guide Nigeria

According to THE NATION, Mr Godwin Emefiele said, “To further drive the recovery of our economy, the monetary policy recognized that while the interventions in our manufacturing sector is essential; it is also essential that we continue to support the medical sector.

Read Other Top News:

“When we started COVID, CBN set aside N100 billion to support the healthcare sector. But upon rise in demand, we have disbursed N107.7 billion, supporting 114 healthcare projects which include medical diagnostics, pharmaceuticals, dental services, eye clinics both private and public hospitals just to mention a few. “We would continue to do whatever can be done to support healthcare.” Jamb Result

Recall that in June, the Central Bank of Nigeria (CBN) has disbursed N10.5 billion out of the N100 billion credit intervention to cushion the effect of Coronavirus on the sector.

THE NATION reports that Emefiele said, “The committee recognized that under the N100 billion healthcare sector intervention fund, the bank has approved and disbursed N10.15 billion for some projects for the establishment of advanced diagnostic and health centers and the expansion of some pharmaceutical plants for essential drugs and intravenous fluids.”

According to THE NATION, to access the fund, a corporate entity will have to submit to a participating Development Finance Institution or a Deposit Money Bank.

Check and Confirm: How much is Dollar to Naira Today     Pounds to Naira Today

⚽ Start winning football betting today!

👉 Get correct FREE GG and Over 2.5 football prediction tips. Click here to join



👍Showcase your business here!

With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉 marketing@Infoguidenigeria.com.


🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here


✍️ Be Our Guest Publisher!

Do you have a press release, breaking news,  or any other helpful information to share with our growing readers? If yes, send your article to 👉 infoguidepr@gmail.com.

We will be glad to publish it if the information is useful to our audience.


This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!

Copyright Warning!

Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [infoguidenigeria@gmail.com] to file a complaint and we will take necessary actions immediately.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button