The Central Bank of Nigeria (CBN) has disbursed N97.8 billion out of the N100 billion lifelines it approved for the healthcare sector. The fund was committed to 98 healthcare projects across different regions in the country.

CBN Acting Director, Corporate Communications, Osita Nwanisobi, who disclosed this during an award night organized by the Pharmaceutical Society of Nigeria (PSN) in Lagos, 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.

Receiving the award on behalf of Emefiele,  Nwanisobi, said 98 healthcare projects were financed under the scheme, adding that the apex bank is also committed to funding research in healthcare to support the sector.

He said the overall goal of the apex bank is to reduce medical tourism, provide better healthcare for the people and grow the economy.

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,