Rivers exco approves access to CBN Covid-19 support fund for states

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The Rivers State Executive Council has given its approval for the state to access its part of the Central Bank of Nigeria’s Healthcare Support Credit Facility Fund for Covid-19.Rivers exco approves access to CBN Covid-19 support fund for states

Governor Nyesom Ezenwo Wike headed over the meeting, which took place at Government House in Port Harcourt on Thursday.

Commissioner for Finance Isaac Kamalu told journalists following the meeting that the CBN launched the fund in the aftermath of the Coronavirus pandemic to soften the impact of Covid-19 on both national and subnational economies.

According to Kamalu, the council wants the state to participate, so it has approved the state’s access to the CBN’s N2. 5 billion Healthcare Support Credit Facility Fund.

The N2.5 billion is structured into two components. N2 billion will be for healthcare infrastructure support and N500 million as revolving credit for medical consumables,” he said.

The investment would be used by the Rivers State Government to build a world-class radiotherapy centre and department at the Dr. Peter Odili Cancer and Cardiovascular Treatment and Diagnostic Center in Port Harcourt, according to Kamalu.

He further stated that a portion of the funds will be used to improve healthcare facilities at the Prof. Kesley Harrison Hospital and the Dental and Maxillofacial Hospital in Port Harcourt.

As you are aware, the facility has been utilised by virtually all the States and Rivers State is among the few that are yet to utilise the facility. So, government has, in its wisdom, thought it necessary that this facility should be accessed so that members of the public, as well as those living in the state can utilise the outcome of this in terms of medical service provision,” he said.


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