Afreximbank to Invest $16b in Nigeria’s Healthcare Sector

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A‎frican Export-Import Bank (Afreximbank) has confirmed that it plans to invest over $16 billion in Nigeria’s healthcare sector.

The bank said its decision to make such investment is in consonance ‎with its long-term plan to deepen its investment portfolio in the country by building an ultra modern healthcare hospital to be located either in Abuja or Lagos, Nigeria’s most popular cities.

This disclosure was made by Dr. Benedict Oramah, President and Chairman of the Board of Directors of AFREXIMBank at a press briefing in Abuja.

Oramah stated that the multi-million dollar tertiary level hospital will be a joint partnership investment between the bank, Nigeria’s Federal Ministry of Health and the Kings College Hospital (KCH), London.

The Afreximbank president said the cost for the Hospital can’t be fixed for now because it will be a turn-key project which cost will be determined after a contractor is engaged and some initial logistics addressed after discussions between parties involved.

According to him, Nigeria remains a very important shareholder of Afreximbank and also the highest beneficiary of its funds. “We are doing this project with Kings College Hospital, London. The idea behind this project is to be able to treat complex diseases, reduce money spent on medical tourism overseas, create room for capacity building for health workers like doctors and nurses.”

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