BOI Secures €50M EIB Funding for Nigeria's Healthcare

The Bank of Industry (BOI) announced the acquisition of €50 million in funding from the European Investment Bank (EIB) aimed at strengthening Nigeria's healthcare and pharmaceutical value chain. This funding initiative is designed to improve access to long-term financing for healthcare and pharmaceutical enterprises across Nigeria.

Dr. Olasupo Olusi, Managing Director and CEO of BOI, stated that the partnership reflects a commitment to enhance Nigeria's healthcare ecosystem. The financing strategy will involve collaboration with stakeholders from both the public and private sectors to design interventions that deliver sustainable long-term impacts.

The funds will support the expansion of local manufacturing capacities, enhance supply chain resilience, and contribute to improved health outcomes by increasing the availability of essential medicines and vaccines. BOI acknowledged the partnership with the Presidential initiative to unlock the healthcare value chain, with PVAC serving as an advisory body to drive the development of Nigeria's healthcare ecosystem, ensuring alignment with national priorities and stakeholder coordination.