Nigeria’s health sector has massive wealth potential, says Polaris Bank MD, Abiru

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Polaris Bank CEO, Tokunbo Abiru, has said Nigeria’s health sector holds immense potential to create wealth for the country if an enabling environment is put

Mr Abiru said this during a webinar hosted by the bank on: ‘Managing Healthcare Business During & Post-COVID-19’.

According to him, “If the right legislation is in place, medical tourism can be a thing of the past while providers of capital would have the comfort to bridge funding gap thus getting the sector to work optimally.” With respect to expanding coverage, improved and timely access to primary health care services, Adil Shaikh, Chief Technology Officer of MeCure, explains that Telemedicine provides patients the opportunity to access online consultation, prescription and delivery of prescribed drugs from certified pharmacies across Nigeria.

Speaking from the perspective of what her organization is doing differently to stay afloat despite the impact of COVID-19, Dr Akinware said, “we have developed a three-pronged strategy: to increase or maintain revenue; reduce or re-align cost and manage cash.” “The Polaris Bank Healthcare Loan has two variants: what can be available as overdraft facility for working capital purposes; purchase of consumables; discounting of invoices, etc. Interest is very competitive while Loan amount is subject to the applicant’s capacity,” Mr Opeke explained.

Polaris Bank is at the fore-front and has over the past few months assisted a number of healthcare businesses to access facilities under the CBN intervention Fund.

Source: Healthcare Press (healthcarepress.net)

 

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