Manufacturing, healthcare, others get N2.1tr lifeline

• Published date: 11 January 2023
• Publication title: Nigeria - The Nation

The Central Bank of Nigeria (CBN) has released N2.1 trillion to support the real sector, the bank has announced.

The apex bank said the funds, which came under the the Real Sector Support Facility (RSSF) were disbursed to 426 projects across the country.

The apex bank said it recently released N66.99 billion to 12 additional projects in manufacturing and agriculture.

Also, under the 100for100 Policy on Production and Productivity (PPP), the apex bank said it disbursed N20.17 billion to 14 projects in healthcare, manufacturing, and services, bringing the cumulative disbursement under the facility to N93.39 billion to 62 projects.

In the healthcare sector, N4 billion was disbursed to two healthcare projects under the Healthcare Sector Intervention Facility (HSIF), bringing the disbursement to N130.54 billion for 131 projects, comprising 32 pharmaceuticals, 60 hospitals and 39 other services.

The regulator said it funded several commodity...