Nigeria Seeks Private Investment for Healthcare Energy Solutions

Nigeria is actively pursuing private investment to power healthcare facilities across the country, as articulated by Dr. Iziak Adekunle Salako, the Minister of State for Health and Social Welfare. During the Investor Matchmaking Forum held in Lagos, he highlighted the critical need for reliable electricity to ensure the effective functioning of healthcare institutions.

The Nigeria Power Health Initiative (NPHI) aims to address the ongoing challenges posed by unreliable power supply, which has led to increased operational costs and compromised health outcomes. The initiative seeks to shift from traditional government and donor funding models to a private sector-driven energy service model.

Dr. Salako noted that the current focus is on federal tertiary health institutions, with plans to support primary and secondary healthcare facilities nationwide. He also mentioned efforts to mobilize blended financing mechanisms involving government commitments and private investments to deploy large-scale healthcare energy solutions.

The Nigerian government is committed to providing the necessary policy support to create a sustainable investment environment.