FCMB Commits ₦20bn to Boost Healthcare Investment in Nigeria

First City Monument Bank (FCMB) has committed ₦20 billion to financing private healthcare businesses in Nigeria, including operators across the eye-care sector.

The funding is expected to support eligible healthcare providers in expanding their operations, purchasing medical equipment, improving infrastructure, meeting working capital needs, and investing in technology to enhance service delivery.

According to a statement issued on Sunday, the initiative comes amid calls by the Federal Government for increased private-sector investment and sustained partnerships to improve access to essential healthcare services.

FCMB Managing Director and Chief Executive Officer, Yemisi Edun, said the bank's financing solutions would help viable healthcare businesses strengthen their operations and extend their services to more Nigerians.

Edun encouraged healthcare providers across different segments of the industry, including eye-care businesses, to take advantage of the available financing opportunities.

Speaking at a public-private partnership roundtable organised by FCMB in Abuja, the Minister of State for Health and Social Welfare, Dr Iziaq Salako, advocated the use of blended finance, social impact bonds, and corporate co-funding to strengthen healthcare infrastructure and expand access to medical services.

Salako also commended FCMB and the Tulsi Chanrai Foundation for their longstanding collaboration in providing eye-care services to Nigerians. He urged more businesses to adopt similar partnerships to address healthcare challenges across the country.

Since 2009, more than 400,000 people have benefited from free eye-care services provided by FCMB and the Tulsi Chanrai Foundation through the Priceless Gift of Sight initiative.

The programme provides services including eye examinations, optical care, surgeries, and disease management.

The ₦20 billion financing commitment is expected to complement the initiative by providing capital to healthcare businesses seeking to expand their capacity, improve infrastructure, and deliver better medical services.

The development highlights the growing role of private-sector financing and public-private partnerships in strengthening Nigeria's healthcare system and improving access to essential medical services.

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