CBN releases N97.8b for healthcare projects

The Central Bank of Nigeria (CBN) has disbursed a sum of N97.8 billion out of the N100 billion lifeline for the execution of 98 healthcare projects across different regions in the country.

CBN Acting Director, Corporate Communications, Osita Nwanisobi, announced this during an award night organized by the Pharmaceutical Society of Nigeria (PSN) in Lagos.

He observed that the fund was to strengthen the sector’s capacity to meet the potential increase in demand for healthcare and services.

The CBN Governor, Godwin Emefiele was given an award by the PSN for his contributions and support to the Nigeria healthcare industry.

Receiving the award on behalf of Emefiele, Nwanisobi, said 98 healthcare projects were financed under the scheme, adding that the apex bank is also committed to funding research in healthcare to support the sector.

He said the overall goal of the apex bank is to reduce medical tourism, provide better healthcare for the people and grow the economy.

Nwanisobi further explained that the objective of the scheme was to provide long-term low-cost finance for healthcare development that would lead to the evolution of world-class healthcare facilities in the country.

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