Stanbic: Strengthening Nigeria’s Healthcare System With Partnerships
With its Corporate Social Investment Initiative pillars of Education, Economic Empowerment, and Health, Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, continues to partner itself with stakeholders in the Nigerian health sector to further strengthen the system and provide quality, affordable healthcare for Nigerians.
On Sunday, Wole Adeniyi, the Chief Executive of Stanbic IBTC Bank PLC, made this known in a statement that was issued by the bank. Mr. Adeniyi stated that aside from taking part in various strategic partnerships with several healthcare providers in Nigeria, the organisation has also contributed over N10.2 billion to boost the growth of the health sector.
According to Mr. Adeniyi, Stanbic IBTC Bank has made immense contributions to the growth of the Nigerian healthcare sector in several ways, including through the Central Bank of Nigeria Healthcare Sector Loan, which made available flexible loan facilities to stakeholders. He also added that out of the N10.2 billion, the Stanbic IBTC Bank has also provided a N6.7 billion loan facility for the building of the BAZE University Private Teaching Hospital in Abuja in 2021, and had created a N2 billion special fund for health care providers to be able to buy equipment and improve health care delivery.
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The Chief Executive mentioned that Stanbic IBTC Bank has recently partnered itself with ISN Medical to offer interest-free loans of up to N1.5 billion to clinics, medical laboratories, diagnostic centres, and other healthcare providers to be able to procure medical diagnostic and healthcare products.
Mr. Adeniyi stressed that through meaningful collaborations with various stakeholders in the health sector, Nigerian citizens would be able to continue to benefit tremendously from easy access to quality healthcare.
Regarding the recent ISN partnership, he said that: “We are happy to be part of this partnership. We believe that there are several benefits that both parties can derive from this collaboration. The loan facilities will go a long way in enabling healthcare providers to have access to up to N1.5 billion in medical equipment finance. We believe that our goal of enabling healthcare providers easy access to finance is achievable, especially through ISN Medical, a foremost supplier of medical diagnostic products and services in the country.”
In addition to growing the health sector of Nigeria, Adeneyi stressed that Stanbic IBTC Bank would continue engaging in strategic partnerships that would be of great benefit to Nigerians who were seeking access to quality and affordable healthcare.
The bank in its statement reiterated its commitment to align to Stanbic IBTC Group’s corporate social investment pillars of education, health and economic empowerment, hence its commitment to supporting Nigeria’s healthcare sector.
