16 March 2020 – Federal government announces N100 Billion Credit Support for the healthcare sector

Type of Intervention: Financial and Economic
Sectors Involved: Health, Finance/Economy
Level of Jurisdiction: Federal
Lead People/Agency: The CBN is providing the seed fund for the scheme and the disbursement of funds to successful applicants would be facilitated by the Participating Financial Institutions (PFIs) (Deposit Money Banks and Development Finance Institutions).

Overview: The N100 Billion Credit Support for the Healthcare sector. This is part of the proactive measures to cushion the impact of the coronavirus (COVID-19) pandemic on the economy, by extending of credit support intervention for the healthcare industry.
Full details here: https://www.thisdaylive.com/index.php/2020/03/26/cbn-unveils-modalities-to-disburse-n100bn-healthcare-credit-support/

Type of Justification: Advice of INTERNAL government advisory committee or group
Source of Evidence or Justification: National – government
Evidence/Justification: This credit support intervention for the healthcare industry would strengthen the sector’s capacity to meet potential increase in demand for healthcare products and services. Specifically, the scheme is to provide credit to indigenous pharmaceutical companies and other healthcare value chain players intending to build or expand capacity. The Scheme is expected to increase private and public investment in the healthcare sector, facilitate improvements in healthcare delivery and reduce medical tourism to enhance foreign exchange conservation.