The Healthcare Research Grant in care of the Central Bank of Nigeria (CBN), has received more than 34 applications which will be reviewed by a body of experts set up by the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha.
The Director, Development Finance, Mr Yila Yusuf, has said that about 90 per cent of these are from Nigerian universities.
“As we speak, as at today, we have received over 34 applications asking for N90 billion. What is exciting is that 90 per cent of those applications were from our universities. So, we are looking at how we can quickly get those proposals to the body of experts, they look at that, and then we can disburse the funds.”
Speaking about the applicants, the CBN director has said that both public and private institutions applied including some manufacturing companies. He further reiterated that the CBN has N100 billion intervention fund for the health sector, which can be accessed at five per cent interest rate.
He said submissions close October 30th and that they set two years and some months for disbursement.
