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CBN INTERVENTION FUND
The eleven power distribution companies (DisCos) secured the total amount of N53.3 billion in credit facility from the Central Bank of Nigeria’s National Mass Metering Programme (NMMP).
The Central Bank of Nigeria has allocated N141.64 billion out of the over N10.3 trillion intervention funds to the health sector since inception, representing a mere 1% of the cumulative disbursements.
The fund increased the company’s net loans from N482.5 million in December 2019 to N1.7 billion.