08 May CBN disburses N83.9b loans to pharmaceutical companies
The Central Bank of Nigeria (CBN) says it has disbursed N83.9 billion loans to pharmaceutical companies and healthcare practitioners supporting 26 pharmaceutical and 56 medical projects across the country.
CBN Governor, Godwin Emefiele, broke the news yesterday at the Movie Premiere of “Unmasked” held in Lagos, noting that the funds disbursement was part of the apex bank’s commitment to seeing improved healthcare funding in the country in the face of the Covid-19 pandemic.
Emefiele, who was represented by CBN Acting Director, Corporate Communications, Osita Nwanisobi, said the bank was also able to mobilise key stakeholders in the Nigerian economy through the Coalition Against Covid-19 (CACOVID) alliance, which led to the provision of over N25 billion in relief materials to affected households, and the set-up of 39 isolation centers across the country.
He said the bank focused its interventions in building the capacity of Nigeria’s healthcare institutions, supporting the domestic manufacturing of drugs by businesses, and providing grants to researchers in the medical field, in order to encourage them to develop breakthrough innovations that would address health challenges faced by Nigerians.
These measures, he said, helped to expand and strengthen the capacity of our healthcare institutions to respond to the COVID-19 pandemic.
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