The Federal Government has urged banks, investors, and private sector operators to channel more capital into Nigeria’s health sector, saying public funding alone cannot deliver the hospitals, diagnostic centres, and pharmaceutical manufacturing capacity needed to serve the country’s population of over 240 million.

The Minister of State for Health and Social Welfare, Dr Iziaq Adekunle Salako, made the call while declaring open the FCMB Healthcare Summit 2026 in Lagos, where the bank unveiled a Dedicated Healthcare Fund in partnership with the Healthcare Federation of Nigeria.

Speaking on the theme, “Financing Growth, Unlocking Opportunity, Building the Future of Healthcare,” Salako said access to long-term financing remains one of the biggest constraints to the growth of Nigeria’s healthcare system.

He noted that while the government has introduced far-reaching reforms to improve healthcare financing, stronger collaboration with the private sector is essential to bridge the country’s huge

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