President Muhammadu Buhari on Tuesday said that the Federal Government of Nigeria has disbursed N100 billion to indigenous pharmaceutical manufacturers and healthcare investors as loans, to help expand their capital base and boost local production of medicines and medical consumables.
The health sector intervention scheme had been introduced by the federal government through the CBN as part of policy measures to mitigate the impact of the coronavirus pandemic on Nigeria’s economy.
President Buhari explained that the loan was extended through the Central Bank of Nigeria (CBN)’s support to the private pharmaceutical sector, adding that the Health Sector Reform Committee chaired by Vice-President Yemi Osinbajo, is currently exploring models for revitalizing the nation’s healthcare system.