Mr. Godwin Emefiele, Governor of CBN

CBN funds 20 healthcare projects with N26.27bn, says Emefiele

*Identifies inadequate funding, poor medical infrastructure & supplies, inequitable distribution of health workers as healthcare challenges

Isola Moses | ConsumerConnect

The Central Bank of Nigeria (CBN) has said that it funded 20 projects valued at N26.278 billion under the N100 billion credit support intervention for the country’s health sector thus far.

Mr. Godwin Emefiele, Governor of CBN, stated this at the inauguration of the Body of Experts (BoE) for Healthcare Sector Research and Development Intervention Scheme Monday, July 20, in Abuja, FCT, according to agency report.

It is recalled that the CBN had introduced a N100 billion credit support intervention for companies in the Health and Pharmaceutical sector in the country.

Some of the firms that have been able to obtain funding include hospitals, research centres and pharmaceutical industries, stated Emefiele.

The CBN Chief said that the primary challenges in Nigeria’s healthcare sector were inadequate funding, poor medical infrastructure and supplies, and inequitable distribution of health workers.

According to him, these problems contributed to the rise in medical tourism.

According to him, the programme was CBN’s proactive measures to cushion the impact of COVID -19 on the economy and to support the growth of the healthcare sector.

The CBN governor noted that the intervention fund would help to improve healthcare delivery capacity, while supporting improved production of health related products and services.

To address the health challenges, Emefiele said the Bankers’ Bank had also initiated the Healthcare Sector Research and Development Intervention Scheme (HSRDIS) to develop vaccines and drugs for infectious diseases.

Prof. Mojisola Adeyeye, Director-General of National Agency for Food and Drug Administration and Control (NAFDAC) has been appointed to head the body of experts comprising academics and health experts, report added.

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