The Nigeria Sovereign Investment Authority’s healthcare investments have helped prevent more than $200 million in foreign-exchange outflows linked to overseas medical treatment, as the sovereign wealth manager prepares to expand its healthcare network with 19 new facilities across 13 states.
The expansion, being undertaken through NSIA Advanced Medical Services Ltd., or MedServe, comprises 13 diagnostic centres, three oncology centres and three cardiac catheterisation laboratories, according to a statement issued by the Authority on Tuesday.
The new investments mark the next phase of NSIA’s strategy to build domestic capacity in specialised healthcare, reduce reliance on medical treatment abroad and generate both commercial returns and measurable economic impact.
“Few sectors embody this dual imperative more clearly than healthcare,” NSIA said, referring to its mandate to deploy patient capital in areas capable of delivering long-term financial returns alongside national development benefits.
MedServe was established as NSIA’s wholly owned healthcare subsidiary, initially focusing on oncology and diagnostics before expanding into other specialised medical services.
Its flagship facility, the MedServe–LUTH cancer centre in Lagos, commissioned in May 2019, became the first oncology centre in Nigeria to offer 3D Conformal Radiotherapy. The facility now has the largest concentration of radiotherapy equipment in West Africa, according to NSIA.
The centre has delivered more than 25,000 radiotherapy sessions and 10,000 chemotherapy treatments to about 15,000 unique patients since inception.
NSIA said the facility has also contributed to a reversal of medical tourism, with some…
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Read Full Article by Onyinye Nwachukwu at businessday.ng
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