Making CBN’s Credit Support Fund Work
Recent reports affirming the receipt of the Central Bank of Nigeria credit support facility by a number of pharmaceutical industry operators raises the hope of a brighter future for the critical sector of the nation’s economy. As at the last count about 15 operators have so far accessed the facility while another 15 are currently waiting for the apex bank’s approvals.
The reports have also put paid to earlier speculations that the intervention may go the way of many developmental initiatives inaugurated by government that never went beyond paper work. CBN deserves commendation for the commitment in rolling the policy off the ground.
As part of proactive measures to cushion the negative impact of coronavirus pandemic, the CBN had in March introduced a N100 billion credit support interven
