The approval followed a correspondence sent to the house by the governor and read during plenary on Thursday.
In the letter, Ortom informed the house that the CBN had introduced a health sector intervention fund to finance the building and expansion of healthcare facilities and acquisition of medical equipment across all states of Nigeria.
He pointed out that the global healthcare system had been overstretched by the outbreak of the COVID-19 pandemic with the developed countries struggling to cope with the magnitude of the crisis.
The governor stated that the healthcare system in the state needed to be repositioned for a post COVID-19 delivery system that could effectively handle cases of infectious diseases across the state.
The governor further said the loan was with a 12 months moratorium and thereafter at nine per cent interest rate and 0.5 per cent management fee.
“The facility is offered at concessionary rate with a maximum tenure of 10 years,” Ortom added.
The governor said its purpose was consistent with his administration’s vision for a healthcare delivery system that completely met the needs of Benue people.