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Stanbic IBTC Poised To Promote Innovative Financing Solutions To Boost Healthcare


Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, is poised to deepen collaboration with stakeholders through the launching of innovative financing solutions for the health care industry in Nigeria.

This was made known by the Head, Specialised Sectors, Stanbic IBTC Bank, Jane Ike-Okoli at the recently held Medic West Africa Conference.

Speaking during the panel session, she noted that effective collaboration between the financial industry and healthcare organizations is key to advancing Nigeria’s health sector.

She added that the sector is yearning for innovative financing solutions that will address the nuances associated with lending to healthcare businesses.

According to her, “Nigeria is Africa’s largest healthcare market and despite this, we have inadequate healthcare infrastructure which gives rise to weakened health systems.”

“It is in response to this that Stanbic IBTC has decided to partner with key players in the healthcare sector to help improve access to health care finance and provide robust yet flexible funding options for health care businesses and providers.”

“Our healthcare solutions are tailor-made for players in the sector who need working capital to expand healthcare operations, acquire medical equipment, facilitate medical research and grow their healthcare businesses.”

“One of such solutions is the recently launched unsecured short-term loan with a 12-month tenor which is aimed at directly supporting providers with funds to improve their offerings and by extension grow the health care sector in Nigeria,” she said.

Other panelists featured at the event include Dr. Folabi Ogunlesi, Managing Partner Vesta Healthcare; Dr. Idoreyin Oladiran, Medical Consultant, Human Resources, MTN Nigeria; Dr. Leke Oshuniyi, CEO, Healthcare and Managed Care Association of Nigeria (HMCAN) and Professor Akin Abayomi, Commissioner of Health, Lagos State.

Stanbic IBTC remains committed to the promotion and improvement of the healthcare sector Nigeria through its various healthcare solutions.

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