Nigeria To Set Up $1.39bn Fund To Fight Coronavirus

Nigeria plans to create a 500 billion naira ($1.39bn) coronavirus fund to strengthen its healthcare infrastructure to tackle the virus, the government said.

Finance Minister Zainab Ahmed, House of Representatives speaker Femi Gbajabiamila and Senate President Ahmad Lawan agreed in a meeting that the crisis intervention fund would pull in cash as loans from various special government accounts and get the rest from grants and loans from multilateral institutions, a statement said.

Read Also: Nigeria’s Coronavirus Cases Jump To 210

“This cisis intervention fund is to be utilised to upgrade healthcare facilities,” Ahmed said in the statement.