Opportunities rising in the Health sector: businesses to benefit from N120 billion COVID-19 relief fund


Share post:

Health-related businesses are expected to keep running and turning in revenues despite the lockdown.

The Central Bank of Nigeria (CBN) announced N120 billion Relief Fund with a large chunk coming from corporate and individual donors. Contributions are expected in both Naira and Dollars, the government having set up accounts with Citibank in UK for the latter and at the CBN for the former.

However, the interesting part is that this fund will be used to equip health facilities (testing centres, isolation centres, treatment centres, and CCUs) in the country, bringing businesses to local and foreign suppliers of beds, food, testing materials, and several other medical equipment during this lockdown. This is a ray of hope for this sector as other sectors furlough workers.

The Director, Corporate Communications, CBN, Isaac Okorafor, said yesterday, the six geoplolitical zone in Nigeria will receive some measures of medical supplies for fortification in response to the pandemic.

Okorafor said, “We have started with Lagos (1000 beds), Kano (500 beds), Rivers (210), Abuja (200 beds), Enugu (200 beds) and Borno (200 beds) and expect to be operational within 10 days)”.

He mentioned that other states of the federation such as Bayelsa, Anambra, Katsina, Ogun, Bauchi, and Plateau will also receive medical equipment in the coming weeks.

Toyin Afilaka
Toyin Afilaka
Toyin Afilaka writes with simplicity and insight. He aims to enrich the Nigerian small business landscape. Through Hustle24 he connects entrepreneurs with information about new policies, enterprise solutions and opportunities that will aid their 'hustle'. He has written extensively for CobraReview, a product review portal, and served as a lead project manager for MarketingMix where he consulted as PR consultant for MTN Project Fame and Business Next Titan etc.


Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Related articles

4 strategies from Bezos that would change your business

Success sometimes can grow to become a craft that leaves behind trails for others to follow. Jeff Bezos...

How to cultivate a purposeful culture

Sarah Turner, the founder and chief executive officer of an eponymous agency, provides interesting insights into how to...

20 Types Of Content To Help You Attract Prospects And Win Customers – Renae Gregoire

If you know deep inside that you need to be doing more to connect regularly with your audience...

High prospect for real estate investment in Nigeria – Bartholomew Egbochie, CEO, ATCO Homes

Lagos, Oct 4, 2023 - The Nigeria real estate sector provides ample investment opportunities. According Bartholomew Egbochie, the...