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By Etop Ekanem
Fidson Healthcare Plc has commended the Bank of Industry (BoI) for providing concessionary financing that has supported the growth of pharmaceutical manufacturing in Nigeria.
The commendation followed a visit by delegations from the European Investment Bank (EIB) and BoI to Fidson’s manufacturing facility in Sango-Ota, Ogun State.
The visit was part of the implementation of the €50 million healthcare financing partnership between EIB Global and BoI aimed at boosting local production of medicines, vaccines, diagnostics and other critical healthcare products.
Speaking during the visit, Executive Director, Corporate Finance and Sustainability at BoI, Mr. Rotimi Akinde, representing the Managing Director and Chief Executive Officer of BoI, Dr. Olasupo Olusi, described Fidson as one of Nigeria’s leading pharmaceutical companies.
He said the bank has maintained a strong relationship with Fidson since 2010, providing concessionary financing to support its expansion plans.
“Over the years, we have provided concessionary financing to support
