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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.

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“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.

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Idongesit Akpa-Ayang

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

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