FCMB commits N20bn to finance Nigeria’s healthcare businesses

To span a captious backing gap, First City Monument Bank (FCMB) has committed ₦20 cardinal to concern backstage healthcare businesses successful Nigeria, targeting a captious assemblage successful request of affordable, semipermanent capital. 

The 20 cardinal Healthcare Fund, announced astatine FCMB’s inaugural healthcare acme successful Lagos, volition people businesses including hospitals and clinics, diagnostic centres, pharmaceutical companies, pharmacies, maternity homes and different healthcare enterprises.

The financing volition enactment expansion, aesculapian instrumentality purchases, infrastructure, moving superior and exertion investments, according to FCMB.

The inaugural comes arsenic Nigeria seeks to grow healthcare capableness and boost section accumulation of medicines and aesculapian devices.
 The authorities is targeting section accumulation of 70% of medicines and aesculapian devices by 2030 nether its Presidential Initiative for Unlocking the Healthcare Value Chain.

“Healthcare is simply a societal imperative and an economical priority,” FCMB Managing Director and Chief Executive Officer, Yemisi Edun, said successful remarks delivered by Executive Director, Corporate Services and Service Management, Felicia Obozuwa astatine the summit. “Building a beardown healthcare strategy requires superior that is patient, affordable and long-term.”

The slope said the money volition signifier portion of a broader healthcare fin...