Healthcare & Petrochemicals
Increasing Investment and Facilitating Growth of Critical Sectors
A wide variety of opportunities exist for growth across all levels of the Nigerian healthcare sector given the country’s large and young population, gaps in primary and speciality healthcare, and the Federal Government’s support for healthcare investment.
Private sector contribution to the Nigerian healthcare industry is increasing. Given rising levels of disposable income among certain segments of society and the limited supply of public hospitals that are already overstretched and underfunded, there is a growing demand for private coverage.
The influx of private sector players and health maintenance organisations (HMOs) is gradually making healthcare more affordable and accessible coupled with improved service delivery. Increasing technology adoption will also spur growth and development in the industry.
The Covid-19 pandemic also highlighted the importance of upscaling the level of healthcare and increasing investments in the sector; thus creating opportunities for the development of new testing/ laboratory centres, medical diagnosis and therapy equipment, medical consumables, personal protective equipment (PPE), telemedicine, etc.
We leverage technology, strategic partnerships and intermediary channels to deliver tailored intervention and low-interest loan products to Nigeria’s micro-enterprises in the informal, semi-formal and formal sectors:
To support the Federal Government’s drive to encourage healthcare development in Nigeria, BOI invested in the AFREXIM Medical Centre of Excellence (AMCE), a world-class healthcare centre with King’s College Hospital, London (KCH) as the official clinical partner. Considering that a lot of investment is still required, the bank continues to provide long-term funding for healthcare investment professionals in the sector.
In 2021, BOI disbursed N24.6 billion to 14 businesses in the sector with the potential to generate 109,470 direct and indirect jobs. Disbursement to the sector also covers petrochemical industries that manufacture plastics and plastic products, foam products, polyethene, soap, paints, sacks, etc
Health and Petrochemical Focused Products
Increasing investment and facilitating growth of critical sectors
We believe that supporting critical industries such as healthcare and petrochemicals is necessary to achieve our goal of economic transformation. Let us work with you to achieve success and sustainable growth.