Godwin Emefiele disclosed the bank will probably be funding a research for a Nigerian Coronavirus vaccine.
Framework designed which incorporates grants and long term facilities for researchers.
CBN just lately launched a N100bn healthcare intervention fund.
The Governor of the Central Bank of Nigeria, Godwin Emefiele disclosed that the apex bank will probably be funding a research for a Nigerian Coronavirus vaccine.
The CBN Governor disclosed this at the unveiling of THISDAY Dome testing, tracing, and treatment centre on Tuesday in Abuja. He stated they’re at the moment designing a framework which incorporates grants and long term facilities for “researchers, science institutions and biotechnology companies to develop the Nigerian Vaccine.”
Emefiele additionally revealed that the CBN just lately launched a N100bn healthcare intervention fund. Also, a number of other initiatives such as the provision of 1 trillion naira facility. For companies working within the agriculture and manufacturing sectors, to cushion the impact of the Coronavirus pandemic.
“Needless to state that if we are to wait for foreign countries to develop their own vaccines. We will be the last in the queue to receive curative remedies for our teeming population.
“Practitioners in the Pharmaceutical and healthcare sectors will be able to access finance at a single-digit rate through this fund.
“We are also working with financial institutions to enable the continuous flow of credit to viable businesses. While putting in place provisions such as moratoriums and restructuring of existing loans under CBN intervention funds, that have been provided to businesses.” the CBN Governor stated.
