Nigeria’s Healthcare System to receive Huge Boost from Stanbic IBTC

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Stanbic IBTC Advocates Collaboration & Innovative Financing Solutions In Order To Boost Healthcare in Nigeria
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Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has revealed that it will continue to partner with stakeholders in the Nigerian health sector to further reinforce the healthcare system and give Nigerians access to quality and affordable healthcare as part of its corporate social investment initiative pillars of Education, Economic Empowerment, and Health.

Apart from participating in numerous strategic relationships with healthcare providers in the country, Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC, stated that the bank had so far contributed approximately N10.2 billion to the sector’s growth.

According to Wole, Stanbic IBTC Bank has made significant contributions to the growth of the Nigerian healthcare industry in a variety of ways, including through the CBN Healthcare Sector Credit, which provided stakeholders with flexible loan options.

He went on to say that out of the N10.2 billion, the Bank offered an N6.7 billion credit facility for the construction of BAZE University Private Teaching Hospital in Abuja in 2021, as well as a N2 billion special fund for health care professionals to buy equipment and improve health care delivery.

Stanbic IBTC Bank recently teamed with ISN Medical to offer clinics, medical laboratories, diagnostic centers, and other healthcare providers interest-free loans of up to N1.5 billion for the procurement of medical diagnostic and healthcare items, according to the Chief Executive.

Nigerians would continue to benefit greatly from simple access to quality healthcare, he said, thanks to significant interactions with diverse stakeholders in the health sector.

Speaking on the recent ISN partnership, Wole said: “We are happy to be part of this partnership. We believe that there are several benefits that both parties can derive from this collaboration. The loan facilities will go a long way in enabling healthcare providers to have access to up to N1.5 billion in medical equipment finance. We believe that our goal of enabling healthcare providers easy access to finance is achievable, especially through ISN Medical, a foremost supplier of medical diagnostic products and services in the country.”

He emphasized that Stanbic IBTC Bank would continue to pursue strategic collaborations that would assist Nigerians seeking inexpensive and high-quality healthcare while also helping the country’s health industry flourish.

Stanbic IBTC Bank is committed to supporting the Nigerian healthcare industry as part of the Stanbic IBTC Group’s corporate social investment pillars of education, health, and economic empowerment.

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