The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reaffirmed the Tinubu administration’s commitment to strengthening healthcare through increased investment and effective public private partnerships, noting that recent budget gains reflect a clear focus on building resilient social infrastructure.
The Minister stated this at the signing of an agreement in Abuja, between the Nigeria Sovereign Investment Authority (NSIA), the International Finance Corporation (IFC), and MedServe, aimed at expanding access to diagnostics, oncology, and cardiology services nationwide.
In his remarks, Edun highlighted the NSIA’s expanding oncology network as proof that world class healthcare assets can be built locally, creating jobs, attracting capital, and reducing Nigeria’s multi-billion dollar medical tourism spend.
He underscored healthcare as both a public necessity and a growth sector, stressing that stronger domestic capacity boosts productivity, keeps capital within the economy, and supports long term human capital development.
He also commended the IFC’s role, describing the agreement as a scalable model that combines financing and technical expertise to unlock private investment and widen access to care, with additional support from the World Bank.
Minister of State for Health and Social Welfare, Prof. Muhammad Ali Pate, and the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu at the meeting
The Minister called for replication of the NSIA MedServe model across other sectors, describing it as a template for inclusive growth, stronger public services, and long term economic resilience.
The meeting was attended by the Minister of State for Health and Social Welfare, Prof. Muhammad Ali Pate, and the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu.
