Nigeria is harnessing healthcare investment as a strategic driver of jobs, economic growth, and domestic capital retention, following the signing of a landmark partnership between the Nigeria Sovereign Investment Authority (NSIA), the International Finance Corporation (IFC), and MedServe in Abuja.
The agreement, witnessed by Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, aims to expand diagnostics, oncology, and cardiology services across the country, bringing high-quality healthcare closer to Nigerians and reducing reliance on medical tourism abroad.
Director of Information and Public Relations, Mohammed Manga, in a statement quoted Edun to have emphasized that healthcare is both a social necessity and a growth sector. He highlighted NSIA’s expanding oncology network as a model for creating employment opportunities, attracting private investment, and strengthening domestic capacity in critical sectors.
“This initiative shows that world-class healthcare can be built at home,” Edun said. “Stronger healthcare infrastructure boosts productivity, develops human capital, and keeps Nigeria’s capital within the economy.”
The Minister lauded IFC’s contribution, noting that the partnership combines technical expertise and financing to unlock private-sector participation, with additional support from the World Bank, creating a replicable model for inclusive growth and sustainable development.
Edun urged that the NSIA-MedServe framework serve as a template for other sectors, demonstrating how public-private partnerships can deliver essential services while strengthening economic resilience.
The bold step marks Nigeria’s commitment to self-reliance in healthcare, leveraging investment to create jobs, enhance services, and boost national economic competitiveness.
Nigeria Turns Healthcare into Growth Engine with Landmark NSIA-MedServe Deal
