In order to cushion the effect of COVID-19, the Federal Government has created a 1 trillion naira loan facility to boost local manufacturing and production across critical sectors as part of efforts to restore stability to the nation’s economy.

Speaking at the 2020 World Maritime Day celebration in Lagos, the Senior Special Assistant to the President on Sustainable Development Goals, ADEJOKE ORELOPE- ADEFULIRE, said there was also creation of 100 billion naira target credit facility for affected households and small and medium enterprises.

According to her, the creation of a 100 billion naira intervention fund in loans is to pharmaceutical companies and healthcare practitioners intending to expand and strengthen the capacity of the nation’s healthcare institutions. 

ORELOPE- ADEFULIRE, however, called for further collaboration on projects in various sectors for economic growth, poverty alleviation and conservation of the resources for present and future generations.