The Nigerian Economic Summit Group (NESG), a leading policy think tank in the country, has launched its paper titled, “Attracting funding for the Nigerian health sector,” which proffers the best financing options that would drive growth in that all-important sector.
This was disclosed at the launch of its report titled,
‘Attracting Funding for the Nigerian Health Sector.’
The report, which focused on healthcare financing, examined
major business opportunities in the country’s healthcare sector.
It also looked at the challenges faced by investors and
proffered solutions towards overcoming the identified challenges.
These steps, the organisers believed, would encourage
investment in the sector as well as guarantee improved health for the
population.
Presenting a paper titled ‘NESG’s Health as a Business’ at
the launch was Dr. Ola Brown, the thematic team lead and founder of HealthCap
Africa, a venture capital firm that focuses on early-stage investments in
healthtech and fintech startups across Africa.
HealthCap has invested in over 20 companies that currently
have operations across 12 countries, serving nearly one million customers and
patients, and creating over 1000 jobs.
In her presentation, Brown spoke about healthcare being a
major generator of profit and returns.
She also spoke about the advantages of financing healthcare
companies, challenges faced by founders, promoters and investors in Nigeria’s
healthcare businesses, as well as means of addressing the challenges.
“We, as a sector, need to advocate for our sector. It is as
important as banks, telecommunications, oil and gas, but we have not positioned
the sector properly. Healthcare creates employment.
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