Wale Edun Champions Healthcare Investment as Driver of Jobs and Economic Growth
The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has spotlighted healthcare investment as a key engine for job creation and economic growth, following the signing of a landmark partnership agreement between the Nigeria Sovereign Investment Authority (NSIA), the International Finance Corporation (IFC), and MedServe in Abuja.
The agreement aims to expand access to diagnostics, oncology, and cardiology services across Nigeria, while creating employment opportunities and fostering private sector participation in the health sector.
Speaking at the signing, Minister Edun reaffirmed President Bola Ahmed Tinubu’s commitment to strengthening healthcare through public-private partnerships, noting that recent budget allocations reflect a clear focus on building resilient social infrastructure.
“NSIA’s expanding oncology network demonstrates that world-class healthcare assets can be built locally, generating jobs, attracting investment, and reducing Nigeria’s multibillion-dollar medical tourism spend,” Edun said.
The Minister highlighted healthcare as not only a public necessity but also a strategic growth sector, emphasizing that enhanced domestic capacity boosts productivity, retains capital within the economy, and supports long-term human capital development.
Edun also commended the role of the IFC, describing the partnership as a scalable model that combines financing and technical expertise to unlock private investment and expand access to quality care. The World Bank also provided additional support for the initiative.
“The NSIA-MedServe model should be replicated across other sectors. It is a template for inclusive growth, stronger public services, and long-term economic resilience,” the Minister added.
This landmark agreement signals a bold step toward self-reliance in healthcare, creating jobs and keeping Nigerian capital at home, while demonstrating the potential of strategic investments in social infrastructure to drive broader economic growth.
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