News

PRESIDENT BUHARI SAYS PARTNERSHIP WITH PRIVATE SECTOR WILL IMPROVE HEALTH SERVICES IN THE COUNTRY, THANKS AFREXIMBANK FOR MEDICAL CENTRE OF EXCELLENCE

President Muhammadu Buhari Tuesday in Abuja said stronger partnership with the private sector will help in improving health facilities and access in the country, adding that a nation needs a healthy population to prosper.

Speaking at the virtual groundbreaking ceremony of African Medical Centre of Excellence, a landmark hospital project that will significantly transform the healthcare sector in West African sub-region, the President said the challenges faced in the health sector require collective will, partnership and more resources, especially in tackling brain drain.

The health project is being implemented by African Export–Import Bank (Afreximbank) in partnership with the Federal Government, Kings College Hospital, London, University of Winsconsin Teaching Hospital, USA and Christies Hospital, Manchester.

“It is my pleasure to preside over the groundbreaking ceremony of the Africa Medical Center of Excellence, Abuja, Nigeria. Today represents more than just the groundbreaking ceremony for a landmark hospital project that will significantly transform the healthcare sector in West Africa.

“Today also demonstrates the commitment of the Nigerian Government and Afreximbank to the wellbeing of the African people, and the recognition that the wealth of a Nation rests squarely on the health of its population,” he said.

According to the President, in addition to providing comprehensive care across the three critical care areas, the AMCE will offer educational services to develop talent and establish itself as a world-class research centre, in partnership with global institutions such as Kings College Hospital and Christies Hospital in the United Kingdom.

“The success of the AMCE will pave the way for future investments and partnerships in the sector while raising the local standard of healthcare and providing a blueprint for quality of services required to address Nigeria’s and Africa’s healthcare and economic challenges.

“The AMCE represents a return to fundamentals, and the understanding that there is no African development agenda without able-bodied Africans to execute our vision of transformation,” he said.

President Buhari thanked the management of Afreximbank, a Pan-African multilateral trade finance institution created in 1993 under the auspices of the African Development Bank, and all the partners for their commitment to Africa, and for the action-oriented approach to resolving the challenges that the continent faces on its path to development.

President Buhari said the rising cases of non-communicable diseases in Africa are well established, adding that, “Cardiovascular ailments, cancers and haematological disorders have increasingly become matters of concern to public health cares. These ailments are now the highest contributors to non-communicable disease mortalities, representing more than 81% of all NCD deaths in West Africa.”

“The World Health Organization projects that deaths on the African continent attributable to cancer and diabetes are expected to rise over the next 10 years. The rising NCD burden coupled with inadequate medical infrastructure on the continent threatens the future of our people. Right now, many hospitals in the West African region are underfunded, underequipped, understaffed and relatively inaccessible to most patients especially from rural areas.

“Inasmuch as this represents an opportunity for investment in African healthcare, it has not necessarily translated into increased investment activity in this most pressing area that requires intervention. This problem is further exacerbated by the significant brain drain experienced by the continent. The flight of doctors and nurses to other continents has resulted in a significant gap between the required treatments for NCDs and the available treatments and care.

“The above challenges combine to create a regional health market with poor access to critical services and low perception of quality of care available,’’ the President noted.
President Buhari said the AMCE will provide world class medical services at par with the world’s best hospitals.

“The AMCE, a 500-bed specialist facility, will provide services in the areas of oncology, cardiology, and haematology and will seek to address the significant shortage of clinical care options in the West African sub-region.

“The AMCE demonstrates that Afreximbank is not only Africa’s trade finance partner, but its development partner.

“I also would like to commend the Ministers of Industry, Trade and Investment, Foreign Affairs, Federal Capital Territory and Health for their tireless support to ensuring this project comes to life. This was truly a team effort,’’ the President added.

In his remarks, the Minister of Health, Dr. Osagie Ehanire said all hands are on deck, with the Inter-ministerial Committee working to ensure that the project is actualized in a way that is beneficial to all parties.

The Minister said a strong emphasis will be placed on maintenance and sustainability of the AMCE.

The President of Afreximbank, Prof. Benedict Oramah said the ceremony was “one step towards self-reliance for Africa’s health care delivery,” as the project will pool world-class technology and global talents, particularly the African diaspora, to provide a full spectrum of quality medical services in oncology, haematology, cardiology, and general healthcare services.

Oramah noted that the 500-bed and estimated 300 million US dollar-AMCE was conceived to promote intra-African medical tourism and reduce the outflow of over 7 billion US dollars annually in out-bound medical tourism.

He added that the vision for AMCE was borne out of a personal experience he encountered following his recovery from a potentially life-threatening blood disorder.

Leave a Comment

Your email address will not be published.

You may also like

Business Economy Investments Security Society Software

NDPC Advocates Data Protection Awareness at INGO Forum Training Workshop

post-image

 

Lagos, Nigeria – The Nigeria Data Protection Commission (NDPC) has reiterated its commitment to strengthening data protection awareness and compliance in the country. This was underscored during a Data Protection Training Workshop organised for the Nigeria INGO Forum (NIF), where the NDPC’s National Commissioner and CEO, Dr Vincent Olatunji, was represented by the Head of Research and Development, Dr Tolulope Pius-Fadipe.

The workshop aimed to enhance knowledge and capacity in data protection among international non-governmental organisations (INGOs) operating in Nigeria. In her address, Dr Pius-Fadipe highlighted the importance of data protection in fostering trust, ensuring regulatory compliance, and boosting Nigeria’s digital economy. She reaffirmed the NDPC’s dedication to enforcing data protection laws and promoting a culture of accountability in data management practices across all sectors.May be an image of 1 person, dais and text

Participants engaged in interactive discussions, exchanging…

Read More
Agriculture Business Culture Economy

FMAFS INTRODUCES NATIONAL URBAN AGRICULTURAL PROGRAMME

post-image

 

In a bid to bolster self-sufficiency in food production and empower Nigerian households, the Federal Ministry of Agriculture and Food Security has announced the introduction of a National Urban Agricultural Programme (NUAP).

The programme is scheduled to take off in 2025, with financial provisions contained in the year’s Appropriation proposals.

This was disclosed on Wednesday, December 4, 2024, by the Hon. Minister of State for Agriculture and Food Security, Sen. Dr. Aliyu Sabi Abdullahi, while speaking at the grand finale of the “Every Home A Garden” competition organized by the Office of the First Lady, Sen. Oluremi Tinubu, under the Renewed Hope Initiative: Agricultural and Food Security Programme, held in Banquet Hall, State House,Abuja.

The Minister of State said the NUAP would be boosted by the Federal Ministry of Agriculture and Food Security taking over the “Every Home A Garden” and “Young Farmers Club” projects, which were components of the First Lady’s…

Read More
Business Economy Energy Government International Investments News

Nigeria, Ethiopia, and Tunisia Join Russia’s Currency Trading List Amid Global Economic Shifts

post-image

 

In a significant move that underscores shifting global trade dynamics, Nigeria, Ethiopia, and Tunisia have been added to Russia’s official currency trading list. This development expands the number of countries on the list from 30 to 40, reinforcing Russia’s strategic push toward alternative financial partnerships amid ongoing Western sanctions.

The inclusion of these African nations, alongside other new entrants such as Laos and Mexico, is part of Moscow’s broader effort to bolster trade in national currencies. The expansion is also driven by the need to enhance liquidity, as Russian individuals and financial institutions have limited capacity to provide sufficient liquidity in foreign currencies.

Impact on Trade and Economic Relations

This decision is expected to strengthen bilateral trade flows between Russia and these newly added countries, supporting transactions estimated at $1.8 trillion. Furthermore, it provides a buffer for Russia’s $1.3 trillion economy, which continues to navigate the challenges posed by Western-imposed financial restrictions.

The…

Read More
Announcements Art Business Culture Investments Leisure News

Margaret Olele Highlights Ease of Doing Business in Nigeria at High-Profile FDI Roundtable

post-image

 

Lagos, Nigeria – The Chief Executive Officer of the American Business Council, Margaret Olele, recently presented key insights from the American Business Council Nigeria survey report on the Ease of Doing Business in Nigeria. Her presentation was delivered at the Existing Foreign Direct Investment (FDI) Roundtable, organized by the Office of the Vice-President of Nigeria in collaboration with The Presidential Enabling Business Environment Council (PEBEC) Secretariat.No alt text provided for this image

The event, attended by over 400 stakeholders, featured top government officials, including the Governor of the Central Bank of Nigeria, Olayemi Cardoso; Honourable Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; Minister of Foreign Affairs; Comptroller-General of the Nigerian Customs; and various heads of Ministries, Departments, and Agencies (MDAs), such as the Postmaster General of the Federation and the Executive Secretary of the Nigerian…

Read More
Business Culture

Burkina Faso Unveils Locally Manufactured Electric Vehicles, Marking a Milestone in Sustainable Transportation

post-image

 

In a groundbreaking development for Burkina Faso’s automotive industry, local manufacturer ITAOUA has introduced two innovative electric vehicle models, the SAHEL and NATIVE. This unveiling represents a significant step towards sustainable mobility and technological advancement within the West African nation.

The SAHEL and NATIVE models are designed to address the growing demand for eco-friendly transportation, featuring cutting-edge electric propulsion systems. According to ITAOUA officials, these vehicles boast an impressive range of 330 kilometers on a single 30-minute charge, positioning them as competitive alternatives to conventional fossil-fuel-powered cars.

With a commitment to promoting green technology, ITAOUA aims to scale up production in the coming weeks, ensuring the widespread availability of these vehicles across the country. The company’s strategy includes making the cars affordable for the local market, enabling more citizens to transition to sustainable transportation solutions.

Beyond their efficiency and eco-friendly benefits, the SAHEL and NATIVE models integrate advanced digital…

Read More
Business Economy Society Tourism Travels

Turning Challenges into Opportunities: The Potential of African Deportations from the US- Chike Ayodele Igwegbe’s Perspective

post-image

In a statement that has sparked conversation across business and development sectors, Chike Ayodele Igwegbe, the Founder of Eco Trinity Homes, has shed light on an unexpected yet promising angle of the mass deportation of Africans from the United States. Known for his work in renewable energy, eco estate development, and as a resource-based economy designer, Igwegbe believes that while the issue of deportation is complex and heart-wrenching, it also presents a unique opportunity for Africa to tap into a vast pool of talent, experience, and entrepreneurial energy that could significantly contribute to the continent’s growth.

Igwegbe points out that the returning deportees are not simply victims of circumstance; they are individuals with valuable skills, knowledge, and an entrepreneurial…

Read More
Business Culture Tourism Travels

Trace Awards 2025 Tour Kicks Off with Johannesburg and Nairobi, Celebrating African Talent

post-image

The Trace Awards 2025 Tour has officially begun, with Johannesburg and Nairobi marking the first stops on this exciting journey to celebrate Africa’s most talented artists. Powered by Johnnie Walker, the tour is set to visit key cities across Africa, highlighting the nominees across 28 categories for the prestigious music awards event scheduled to take place in *Zanzibar on February 26, 2025.

Speaking about the initiative, Ifeoma Agu FIMC, MCIM, Marketing & Innovations Director at Diageo Africa, invited fans to participate in the celebration by voting for their favorite African artists and songs, emphasizing the importance of supporting African talent. “Have you voted for your favourite African Artist or given flowers to that song on repeat on your playlist that has been nominated?” she asked.

Johnnie Walker’s Continued Support for African TalentNo alternative text description for this image

During…

Read More
Business Culture Economy

China Retaliates Against U.S. Tariffs as Global Trade Tensions Escalate

post-image

 

Renowned professor, entrepreneur, and investor Ndubuisi Ekekwe has weighed in on the escalating trade tensions between the United States and China, warning of potential global economic shifts as a result of U.S. tariff policies.

In response to a fresh 10% tariff imposed by the U.S. government, China has retaliated with a package of tariffs on American goods, signaling a sharp escalation in economic tensions between the world’s two largest economies. The move, announced by China’s finance ministry on February 4, reignites a long-standing trade war and raises concerns over broader global economic consequences.

Shifting Global Trade Dynamics

Ekekwe highlighted how past trade realignments have led to unexpected outcomes, citing Mexico and Canada, which successfully adapted to trade pressures. However, he expressed uncertainty about how China will respond, cautioning that U.S. policies may push global economies to explore alternative trade partnerships.

He pointed to Nigeria’s border closure policy as a cautionary tale. According to…

Read More