FSDH Bank Addresses Nigeria's Healthcare Financing Gap

FSDH Merchant Bank organized a roundtable focused on bridging Nigeria's healthcare financing gap, emphasizing the need for alignment between public policies and private investments to strengthen the healthcare system. The event featured a keynote address from Akin Abayomi, the Lagos State Commissioner for Health, who stressed the importance of creating an equitable and economically viable healthcare system.

He noted that the healthcare sector requires innovative financing models and a stronger governance framework to ensure sustainability. Bukola Smith, the Managing Director and Chief Executive Officer of FSDH Merchant Bank, highlighted the structural funding gap within Nigeria's health sector, which is projected to account for 4.2 percent of the national budget by 2026.

Currently, 70 percent of total healthcare expenditure is financed out-of-pocket by individuals and families, underscoring the urgent need for reform in healthcare financing.