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CBN Provides 100Bn Naira Support to Health Laboratories in Nigeria

Directs commercial banks to do same

CBN Provides 100Bn Naira Support to Health Laboratories in Nigeria

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CBN Provides 100Bn Naira Support to Health Laboratories in Nigeria

Nigeria’s apex bank, the Central Bank of Nigeria has announced 100 billion naira loan support for health laboratories in the country as part of the measures to contain the spread of Coronavirus in the country.

The decision followed the confirmation of five new cases of COVID-19 in the country by the Minister of Health, on Wednesday.

The Governor of the CBN, Mr Godwin Emefiele said the financial support to laboratories is also part of intervention by the baank in the economy following the impact of COVID 19.

He announced that the apex bank has increased its financial support and intervention in the manufacturing sector by one trillion Naira.

Mr Emefiele also directed all commercial banks in the country to provide financial supports to pharmaceutical companies and the Healthcare industry in Nigeria to strengthen health care delivery especially at this critical time.

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