First City Monument Bank (FCMB) has unveiled a ₦20 billion Healthcare Fund to provide affordable, long-term financing for private healthcare businesses across Nigeria, in a move aimed at strengthening the country’s healthcare system and expanding access to quality medical services.
The fund, announced at the bank’s inaugural Healthcare Summit in Lagos, will provide financing to hospitals, clinics, diagnostic centres, pharmaceutical companies, pharmacies, maternity homes and other healthcare enterprises.
According to the bank, the facility will support business expansion, the acquisition of modern medical equipment, infrastructure development, working capital and technology investments needed to improve healthcare delivery.
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Speaking at the summit, FCMB’s Managing Director and Chief Executive Officer, Yemisi Edun, represented by Executive Director, Corporate Services and Service Management, Felicia Obozuwa, described healthcare as both a social necessity and an economic priority.
“Healthcare is a social imperative and an economic priority. Building a strong healthcare system requires capital that is
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