The CBN established the N100 billion healthcare sector intervention fund in the wake of COVID-19
By Omotayo Olutekunbi
On Tuesday, May 10, 2022, the Minister of Information and Culture, Alhaji Lai Mohammed, stated that no one needs to fly overseas for medical treatment.
He made the remarks on a tour of the Duchess International Hospital in Lagos’ Ikeja neighbourhood.
He was overjoyed that the hospital was one of the initiatives that the federal government had helped flourish. Even if the initiative is driven by the private sector, he noted, the government has either given the enabling atmosphere or, in certain situations, financial help.
The 100-bed hospital, he said, was purpose-built and state-of-the-art, with the goal of providing Nigerians with the greatest medical knowledge available anywhere in the world, employing the most sophisticated technology and therapies.
Patients were already arriving from various nations, he said, emphasising that it was a one-stop shop for all medical needs.
In the aftermath of COVID-19, the Nigerian Central Bank, CBN, established a N100 billion healthcare sector intervention fund, according to the minister.
“The Federal Government, through the Central Bank of Nigeria (CBN) and the Bank of Industry (BOI), provided financial support for Duchess International Hospital. Recall that in the wake of COVID-19, the CBN set up the N100 billion healthcare sector intervention fund, now expanded to N200 billion, to provide credit support for the healthcare sector through long-term, low-cost financing,” the minister said.
He says Nigeria would be able to save its foreign reserves, generate foreign cash, create employment, reverse brain drain, become a destination for medical tourists, and assure cheap and standard healthcare for Nigerians.
Figures compiled by the Nigeria Center for Disease Control and monitored by Pulse show that 6 new confirmed cases were documented in Nigeria between the 7th and 9th of May 2022. Six additional cases have been reported from three different states: Rivers (3), Lagos (2), and the Federal Capital Territory (FCT) (1)
In 36 states and the Federal Capital Territory, 255,802 cases have been confirmed, 249,936 patients have been discharged, and 3,143 fatalities have been reported.
Related posts
Reviews
Follow Our Activities On Facebook
11 hours ago
2 days ago
2 days ago
3 days ago
Sophia Stewart: Does She Deserve Recognition as the Mastermind Behind “The Matrix” and “Terminator”?
Sophia Stewart is an African-American author, screenwriter, and self-proclaimed conceptual creator of the "Matrix" and "Terminator" franchises. Stewart became well-known for her legal battles, arguing...3 days ago
SUBSCRIBE
[mc4wp_form id=”2012″]
Top Reads!
#BigBrotherNaija “Level Up” Week 6
Though last Sunday Sunday was meant to be a “no-eviction” day, it came as a shocker when fake housemate, Modella…
Dating in 2022; Situationships Are Not For The Fainthearted
Situationships are defined as that space between a defined relationship and something other than a friendship. It is a romantic…
20 Questions With Dinta Media’s Visual Storyteller, Chimeremogo Nwoke
Dinta Media is not really just a media production brand but we like to see ourselves as a hub for…
How Are Nigeria’s Small Businesses Coping?
The current rising rate of inflation and other burdens against the Nigerian economy speaks to the realities of the times.
Thrifting Is All The Rave Now, Here’s Why
By Amy Adindu The affordable clothing movement has gained global attention and acceptance as we’re all trying to look like…
#BigBrotherNaija “Level Up” Week 2
Week 2 of the highly watched Nigerian TV show kicked off with an early plot twist. On Sunday, Big Brother…
#BlueTunes: Burna Boy, Omah Lay Top Album Picks For July
July was a promising month for music lovers; from Lizzo’s album titled Special and Imagine Dragons’ Mercury, (Acts 1 &…
#BlueTunes Album Picks For June
Gbagada Express – Boj Bolaji Odojukan, popularly known as BOJ, was raised both in England and Nigeria. He shot to…
“A Creative’s Dream” with Jeff Chinonso
On the 26th of June 2022, Jeff Chinonso hosted his first solo art exhibition. The Augmented Reality exhibition themed “A…
Nigerian API-based company Thepeer raises $2.1 million
Tech infrastructure startup Thepeer has raised a $2.1 million seed round according to a report from TechCabal. Thepeer, a Nigerian…
Dika Ofoma, Ugochukwu Onuoha take on grief in Debut Film “The Way Things Happen”
The twenty-minute film focuses on the loss of a loved one, and how grief changes a person.
Nigerian Startups might just be Crippled by a Recently Leaked bill
Over the years there has been talks of amendment on the 2007 Act of the National Information & Technology Agency (NITDA).
Why We Love Kelechi Amadi Obi
The definition of talent is Kelechi Amadi’s iconic story. Imagine a person who studies law in school, gets called to Bar, and leaves it all for something different and unrelated…Painting!