Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home General News Business News

CBN disburses N498 million towards better healthcare

Chidinma Anyalewechi by Chidinma Anyalewechi
January 26, 2022
in Business News
Senate accuses CBN of default payment, CBN says it’s a lie 
Share on FacebookShare on TwitterShare on Linkedin

The CBN, through the communique of the Monetary Policy Committee, announced the disbursement of N498 million to projects under the healthcare sector.

According to the publication, the disbursement was part of the bank’s effort at supporting a resilient healthcare sector.

The two (2) projects being assigned the total amount of N498.00 million are under the Healthcare Sector Intervention Facility (HSIF), a facility that has received a cumulative disbursement of N108.85 billion for 118 healthcare projects.

The communique stated, “As part of its effort to support the resilience of the healthcare sector, the Bank also disbursed ₦498.00 million to two (2) healthcare projects under the Healthcare Sector Intervention Facility (HSIF), bringing the cumulative disbursements to ₦108.85 billion for 118 projects, comprising of 31 pharmaceuticals, 82 hospital and 4 other services.”

In addition, the communique states that the CBN has received 224 applications, valued at ₦294.91 billion for real sector projects in different sectors of the economy, including healthcare. After applications have been processed, the first batch of beneficiaries under the intervention will be announced on 31st January 2022, with their names published in national dailies.

What you should know about the Healthcare Sector Intervention Facility

The Healthcare Sector Intervention Facility (HSIF) is a credit support for the healthcare sector by the Apex bank. The bank had introduced the scheme, which is a N100 billion credit support intervention for the sector as part of the measures to mitigate the effect of the Coronavirus pandemic on the economy.

Following the introduction of this intervention, the bank issued operational guidelines for credit support to the healthcare sector for indigenous pharmaceutical companies and healthcare practitioners that hope to build or expand their capacity.

The Scheme is expected to increase private and public investment in the healthcare sector, as well as facilitate improvements in the delivery of healthcare while reducing medical tourism to enhance foreign exchange conservation.

Related

Tags: CBNHealth careHealthcare Sector Intervention FacilityHSIFMonetary Policy Committee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Access Bank
Bankers Committee
Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets
First bank





    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Naira depreciates at I&E window despite significant improvement in FX supply
    • Despite hyperinflation, Nigerian companies record higher revenues and margins in Q1 2022
    • International Breweries share price appreciates pushing market cap to N218.93 billion 

    Follow us on social media:

    Recent News

    Naira dollar

    Naira depreciates at I&E window despite significant improvement in FX supply

    May 19, 2022
    exchange rate crisis

    Despite hyperinflation, Nigerian companies record higher revenues and margins in Q1 2022

    May 19, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
    • Economy
      • Macro-Economic News
      • Get Data
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com