Divisional Head, Health and Education sectors with Sterling Bank Plc, Mr. Obinna Ukachukwu in this interview, speaks on why Revitalising the Nigerian health sector is at the heart of Sterling Bank’s strategy on investments in the economy and how health insurance can be used to boost expansion in the healthcare industry. Nume Ekeghe presents the excerpts.
What is the current state of pharmaceutical and healthcare finance in Nigeria?
Healthcare financing in the country is still at the infancy stage for many reasons; the principal of which is that the economics around the health service business is especially faulty. The pricing for the service is not sufficient enough to sustain the chain. Now, this can be surprising because we keep talking about driving down the cost of healthcare in the country.
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It was a brief trading week due to the two days public holiday declared by the federal government in commemoration of the Eid el-Kabir celebrations. It was, however, enough for the stock market to stage a come-back from its bearish session in the previous week.
The Nigeria equities market ended the week on a positive note as the All-share index, which is the benchmark index in measuring the performance of the market gained 1.9% to close at N38,667.9 points, moderating the year-to-date performance to -3.98%.
This is according to the weekly market report, released by the Nigerian Exchange Group (NGX) for the week ended 23rd July 2021.