On the 6th of April 2023, the Healthcare Federation of Nigeria (HFN) in partnership with PharmAccess Nigeria hosted an inaugural webinar that delves into the Nigerian Health Market Study Report.
The Market Study report launched by the Embassy of the Kingdom of the Netherlands in Nigeria and coordinated by PharmAccess Nigeria serves as an update to a prior study conducted in 2015. The report provides valuable insights into the potential for private partnerships (PP) and public-private partnerships (PPP) in Nigeria’s healthcare sector.
The strategic objective of the seven-part webinar series is to increase the knowledge of participants on the various business cases in the report and the opportunities available, inform action and investment activities of members interested in investing in Nigeria’s healthcare sector and clearly define the financing, business, and operating models for improved access to quality care.
During the opening remarks, Mrs. Njide Ndili, Vice-President of the Healthcare Federation of Nigeria (HFN) and Country Director of PharmAccess, who also served as the session’s moderator, extended a warm welcome to all esteemed dignitaries and participants. She emphasized the importance of proactive and strategic investments to drive positive changes in the healthcare landscape of Nigeria and urged all participants to adopt a forward-thinking approach to capitalize on the evolving healthcare landscape by broadening their business horizons, taking calculated risks, and investing in initiatives that can strengthen the healthcare system.
The President of the Healthcare Federation of Nigeria, Dr. Pamela Ajayi in her welcome address, highlighted the key objectives of the Healthcare Federation of Nigeria, particularly in fostering business initiatives among its members and facilitating best practices and processes.
She encouraged all participants to delve into the market study webinar, which provides an overview of the study and the advantages it brings not only to the Nigerian market but also to the wider African market. Dr. Ajayi emphasized the importance of looking ahead beyond Nigeria, saying “The African Continental Free Trade Area is set to open up new opportunities, making it possible to extend these services and practices across Africa”.
In a special address, the Nigerian Ambassador to the Netherlands, Her Excellency Dr. Eniola Ajayi expressed appreciation to PharmAccess Nigeria for their valuable contribution to the market study, as well as the Embassy of the Kingdom of the Netherlands for their support. She highlighted the timeliness of the market study report launch, given the vulnerabilities exposed in healthcare sectors worldwide during the pandemic and emphasized that the study not only identifies gaps but also presents investment opportunities and potential partnerships and collaborations.
During the webinar, Mr. Sunday Mgbejume, PharmAccess Consultant, delivered a presentation providing an overview of the market study report and highlighted major investment opportunities it offered. Following the presentation, an interactive session was moderated by Mrs. Njide Ndili where pertinent questions and additional insights related to the study were addressed and thoroughly discussed.
The subsequent six parts of the webinar series will focus on various business cases, including the Revitalization of Dysfunctional PHCs & Deployment of Solar Systems across target PHCs to hold April 20th 2023, ICT Integration of National Health Insurance Authority Processes, Telemedicine, Domesticated Vaccine Production, Pharma Import Opportunity and Local production of Long-lasting Insecticide-treated nets on dates yet to be announced. Interested investors are encouraged to join the series to gain valuable insights, network with industry experts, and be part of the conversation shaping the future of healthcare.