The Central Bank of Nigeria (CBN) has disbursed N97.8 billion out of the N100 billion lifeline it approved for the healthcare sector to 98 healthcare projects across different regions in the country.
This was disclosed by the CBN Acting Director, Corporate Communications, Osita Nwanisobi, during an award night organized by the Pharmaceutical Society of Nigeria (PSN) in Lagos State. He said 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. Osita Nwanisobi, while receiving the award on behalf of Emefiele, said 98 healthcare projects were financed under the scheme, adding that the CBN is also committed to funding research in healthcare to support the sector.
He said the overall goal of the CBN is to provide better healthcare for the people and grow the economy at large, increase private and public investment in the healthcare sector, facilitates improvement in healthcare delivery, and reduce medical tourism to enhance foreign exchange conservation.
He said that Emefiele is running a people-centered CBN that strengthens the healthcare sector and supports local businesses.
“I want to let you know that the CBN Governor, Godwin Emefiele understands the need to invest in healthcare infrastructure. He knows that a time will come when even with your money, you will not be able to travel to attend to your health. That is while strengthening the local pharmaceutical industry is necessary this time,” he said.
Furthermore, Nwanisobi explained that the objective of the scheme was to provide long-term low-cost finance for healthcare development that would lead to the evolvement of world-class healthcare facilities in the country.
He added that the N100 billion healthcare fund was meant to help cushion the impact of the Coronavirus (COVID-19) pandemic on the economy and healthcare providers’ businesses and also ensure that the health sector meets the potential increases in demand for healthcare products and services.