Courtesy of its Healthcare Sector Research and Development Intervention Scheme, the Central Bank of Nigeria has awarded N253.54m grant to five researchers.
The apex bank disclosed this on Wednesday on its official Twitter handle.
“CBN awards N253.54m grants to five researchers under its Healthcare Sector Research and Development Intervention Scheme,” the tweet read.
Urging corporate institutions to support research and development for the overall good of the country, the CBN Governor, Godwin Emefiele, was quoted as saying, “#CBN Governor, #Emefiele restates bank’s commitment to support the growth of Nigeria’s health sector; assures of more grants based on recommendation of HSRDIS Body of Experts.”
The Director of Development Finance at CBN, Mr. Yila Yusuf, reportedly disclosed that the apex bank disbursed over N85bn as credit support to no fewer than 80 health projects under its Healthcare Credit Support scheme.
According to Yusuf, the projects cut across pharmaceutical, herbal and related products, and a funeral home.
“In the healthcare credit support scheme, we have disbursed over N85bn to more than 80 projects, mainly to reposition and enhance capacity of hospitals and pharmaceutical companies. We even financed a funeral home,” Yusuf stated.