FCMB Invests N20 Billion to Enhance Nigeria's Healthcare

First City Monument Bank (FCMB) announced a commitment of N20 billion to finance private healthcare businesses, aimed at enhancing investment in capacity, equipment, technology, and service delivery. This announcement was made during a public-private partnership roundtable in Abuja, where Dr Iziaq Salako, the Minister of State for Health and Social Welfare, urged for increased private-sector investment in healthcare delivery.

He highlighted the successful partnership between FCMB and the Tulsi Chanrai Foundation (TCF), which has provided free eye care services to over 400,000 Nigerians since 2009 through the Priceless Gift of Sight initiative. Salako called for businesses to establish long-term partnerships to mobilize resources for healthcare delivery.

Yemisi Edun, FCMB's Managing Director and CEO, emphasized the importance of collaboration between financial institutions and healthcare organizations to extend essential services to communities. The funding commitment is expected to support investments in healthcare infrastructure and improve access to essential medical services across Nigeria.