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
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