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Access Bank to Give Loans to Private Healthcare Providers

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By Dipo Olowookere

In order to help private healthcare providers in Nigeria deliver access to affordable healthcare services to citizens, Access Bank and GE Healthcare have agreed to work together.

Through the partnership, the two organisations will provide sustainable healthcare equipment financing to the private healthcare providers.

It was gathered that borrowers will be able to secure loans of up to $800,000 negotiable, based on the customer requirement, with Access Bank providing access to loans for eligible healthcare providers, while GE Healthcare will support the program through provision of GE healthcare equipment and technical support.

The equipment under the partnership scope includes Imaging Solutions including Magnetic Resonance Imaging (MRI) and Computed Tomography (CT), Ultrasound Machines and Life Care Solutions. Borrowers which qualify for loans include private healthcare providers such as hospitals, clinics, diagnostic centres and other private practices offering a broad array of services.

Speaking at the signing ceremony, Mr Eyong Ebai, General Manager for GE Healthcare West, Central & French Sub-Saharan Africa said, “We are committed to invest in Public and Private Partnerships that innovate new delivery models that will improve access to affordable and quality patient outcomes, as we progress towards Universal Healthcare Coverage (UHC) in Nigeria. Our partnership with Access Bank will help lift the financial burden off the healthcare providers.”

Earlier this year, GE Healthcare rolled out a similar initiative in Kenya in partnership with Medical Credit Fund to provide Small and Medium Enterprises (SMES) with financing for healthcare equipment.

“There is a need to provide innovative financing models for healthcare providers especially in the private sector, who currently face challenges accessing financing for purchase of healthcare equipment due to the risk associated with the business.

“As a financing institution, we are committed to provide financing at both the health-service-provider level and at health-service-consumer levels to ensure that the people of Nigeria have all they need to live healthy lives,” said Mr Herbert Wigwe, CEO Access Bank.

Access Bank was earlier this year recognized for the second time as the ‘Outstanding Healthcare SME-Friendly Bank of the Year’ at the Nigerian Healthcare Excellence Award (NHEA) 2019.

The need to provide affordable healthcare in Nigeria is key to the development of the Nigerian Healthcare sector. Even as the World Health Organisation has identified UHC as a unifying concept and goal for the Government as they strengthen their health systems and discharge their obligations under the right to health.

GE Healthcare and Access bank scheme was therefore born out of the necessity to provide the needed support to the Nigerian Healthcare environs, by providing healthcare finance at affordable rates and longer tenor.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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NAFDAC Intensifies Efforts to Block Substandard Products from China, India

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Medication Drugs

By Adedapo Adesanya

The National Agency for Food and Drug Administration and Control (NAFDAC) is increasing efforts to block the entry of substandard and counterfeit products into Nigeria, particularly from China and India, the country’s two largest pharmaceutical trade partners.

This was revealed by Mrs Mojisola Adeyeye, the Director-General of the agency, emphasised that the Clean Report of Inspection and Analysis (CRIA) scheme has significantly strengthened regulatory control over imports from these nations.

The two nation’s account for 60 per cent of Nigeria’s pharmaceutical imports and yet, there is a lot of counterfeit and substandard medicines from these countries.

She said, “Because most of these drugs come from China and India, the CRIA scheme is operational in those two countries,” adding that, “It ensures that only safe and high-quality products are shipped while preventing the export of substandard and counterfeit products.”

She note that NAFDAC has appointed and accredited CRIA agents in China and India to conduct rigorous pre-shipment inspections to tackle the issue.

In addition to appointing CRIA agents in China and India, NAFDAC is collaborating with COTECNA, a global testing, inspection, and certification service provider, to enhance quality control measures.

Mrs Adeyeye urged stakeholders to engage with these CRIA agents before shipping any consignment to Nigeria, saying, “I strongly encourage you to engage with CRIA agents before shipping any consignment–that is, to our stakeholders– from China, India, or Nigeria. You have the flexibility to choose from any of the listed CRIA agents to ensure compliance and safeguard the quality of imported products.”

NAFDAC also introduced an electronic platform, the Port Inspection Data Capture and Risk Management System (PIDCARMS), to enhance document verification and streamline inspection processes.

Mrs Adeyeye noted that CRIA agents will ensure that rejected shipments carrying drugs will not find their way to the country.

She urged stakeholders to visit NAFDAC’s official website for guidelines on product registration, labelling, and shipment requirements to ensure compliance with regulatory standards in order to prevent such lapses and ensure only approved products enter Nigeria.

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AXA’s Mind Health Report Highlights Importance of Workplace Wellness

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AXA's Mind Health Report Omowunmi Mabel Adewusi

Nigeria’s leading insurance company, AXA Mansard Insurance Plc, has announced the release of the AXA Mind Health Report 2025. This comprehensive study underscores the critical importance of mental health in the workplace and among young people.

According to Omowunmi Mabel Adewusi, General Counsel and Human Resource Director of AXA Mansard, the Mind Health Report is part of AXA’s ongoing commitment to promoting positive mental well-being and reducing stigma through holistic approaches.

She said, “The state of mind health in the world continues to give cause for concern, with a lot of people currently experiencing a mental health condition. This fifth edition of the report shows a worrying trend among our youth.

“We also observe an interesting trend in the workplace that reveals work impacts employees’ mental health either as a source of support or a source of issues.”

The AXA Mind Health Report 2025 reveals significant insights into the mental health landscape, highlighting the challenges that young adults and employees face.

According to the report, 44% of young adults (18-24) currently suffer from mental health conditions, with excessive use of social media and financial instability being major contributing factors.

Additionally, work-related stress, including excessive workload, tight deadlines, and a lack of work-life balance, remains a significant concern for employees.

Adewusi further emphasized the importance of prioritizing mental health in the workplace, explaining that mental health is a crucial aspect of overall well-being. Organizations must implement policies that support their employees.

“For us at AXA, this realization is at the heart of our We Care Programme, which affords our employees benefits such as flexible working hours, access to professional counselling services, monthly health workshops, a supportive work environment, menstrual, extended paternity, and caregiver leave benefits.

“The findings of the AXA Mind Health Report 2025 highlight the urgent need for proactive measures to address mental health issues in the workplace and among the youth. We are calling on business leaders, government agencies, and other stakeholders to foster a wellness culture that promotes positive mental health and supports individuals in reaching their full potential.”

The 2025 study, conducted in collaboration with IPSOS, aims to identify mental health and wellness issues in global society to build solutions to mitigate them. A total of 17,000 respondents from 16 countries participated in the survey.

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Oyo Raises Entry Grade Level for University Graduate Nurses to 10

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By Modupe Gbadeyanka

The entry grade level for nurses in the Oyo State civil service with university degree has been reviewed, the Provost of the Oyo State College of Nursing Sciences, Ibadan, Dr Gbonjubola Owolabi, has revealed.

The review was done by the state government through the Oyo State Civil Service Commission.

Recall that the National Council of Establishment (NCE) at its 43rd meeting in 2022 approved the placement of university graduate nurses on grade level 10.

At a meeting with 21 Nursing Tutors on Wednesday in Ibadan, Dr Owolabi said the state government has moved the category of nurses from grade 8, charging nursing tutors of the institution to be diligent in their duties and imbibe integrity and quality.

“The institution is out to train nursing and health practitioners and churn out quality manpower who can function effectively in community, primary, secondary, tertiary, and industrial health settings.

“I urge you to key into this vision, even as the present administration will not deprive you of your rights,” the provost stated.

Dr Owolabi, who said that the Oyo State government placed priority on integrity and quality, disclosed that “the institution has received necessary accreditations from the regulatory bodies for some courses.”

She lauded Governor Seyi Makinde for approving the promotion of the 21 tutors, saying such a gesture should be reciprocated with dedication to service.

In her vote of thanks, one of the lecturers, Mrs Abiola Elizabeth, lauded the management of the institution, saying the approval from the civil service had further accentuated the priority placed on the health sector by Oyo State government.

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