Mindful of the need to provide adequate health care for Nigerians, the Federal Government has reiterated its determination to revitalise the country’s health sector. It tends to achieve this through industrialisation which will sustain the unlocking of the sector’s value chain to meet the goal of improving the health outcomes of the citizens.
To this end, it has secured significant investments, including a $1 billion Memorandum of Understanding (MoU) with the African Export-Import (Afrexim) Bank and financing mechanisms from the European Investment Bank.
The Coordinating Minister of Health and Social Welfare, Prof. Ali Pate in a broadcast he posted on his Ministry’s X microblogging platform, said five development finance institutions are now advancing cooperation to support the effort.
“Additionally, over 70 healthcare manufacturing companies have aligned with the initiative, and 22 large-scale projects are under active discussion with international financiers,” he said.
Key milestones, according to him, include an agreement with Abbott Diagnostics to establish a plant for manufacturing rapid diagnostic test kits for malaria and other diseases, and plans with the Global Gases Group to set up a cryogenic air separation plant for medical oxygen.
Source: The Nation
