Sterling Bank Plc has signed a memorandum of understanding with the Nigerian Optometrist Association to enhance capacity, reduce brain drain and increase funding for the health sector.
She said: “We have adopted a community approach in engagement with stakeholders in this sector. This will not only give us leverage to develop tailor-made propositions for the community, but it also creates an inroad for engagement of their members through a cluster approach.” She said the bank has earmarked N10 billion for the entire health care sector in the country and would accommodate any level of funding that members of the NOA may require. Under the MoU, members of the association will be able to borrow from the CBN’s intervention for the health sector at five per cent as well as obtain template credit from the bank within 48 hours at a competitive interest rate of 20 percent, which is below the prevailing rate in the banking industry, she said.
He said the relationship between members of his association and the bank will build the economy because once the healthcare industry is built the economy will also be built.