The Nigerian government and the European Investment Bank EIB, are considering the establishment of new healthcare products’ manufacturing facilities and the expansion of existing ones
During a strategic meeting between Nigeria’s Presidential Initiative on Unlocking Healthcare Value Chain (PVAC) and a delegation from the EIB in Abuja, Head of Unit for Social Inclusion and Protection, Health, and Demography at the European Commission, Cecile Billaux, and Dilare Alp, EIB Officer for Financial Inclusion, expressed the Bank’s willingness to collaborate with the PVAC to provide financing for manufacturers and other healthcare partners.
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Already, the Presidential Initiative on Unlocking Healthcare Value Chain set up by the Tinubu administration and the European Investment Bank EIB have begun discussions on a 1 billion euro funding agreement aimed at supporting localized healthcare manufacturing in Nigeria.
The Abuja meeting marks a significant step towards stronger collaboration between Nigerian and European institutions to advance the country’s healthcare infrastructure and self-sufficiency.
(Editor: Oloyede Oworu)
