Executive Summary
The Building Private Health Financing 2030 Summit, held on March 12, 2025, in Lagos, Nigeria, convened key stakeholders from the government, financial institutions, healthcare providers, and the private sector to explore sustainable financing mechanisms for Nigeria’s healthcare system. Organized by the ACIOE Foundation funded by MSD for Mothers, the summit sought to address critical gaps in private health financing, expand insurance coverage, and promote innovative financial models that align with Nigeria’s 2030 vision for healthcare.
Through keynote presentations, panel discussions, and breakout sessions, participants examined barriers to financing healthcare businesses, the role of technology in improving efficiency, and how public-private partnerships (PPPs) can drive investment in healthcare. Key takeaways included the urgent need for tailored financial products, regulatory reforms to incentivize private investment, and digital solutions to enhance healthcare accessibility.
Key Findings
- Private Sector’s Role in Bridging Healthcare Gaps: Given the decline in donor funding and limitations in public financing, private capital and efficiency are essential for achieving universal health coverage (UHC). Healthcare must be seen as a viable business sector rather than just a public service.
- Limited Access to Affordable Capital: High commercial loan rates, lack of tailored financial products, and poor credit data on health businesses hinder private healthcare financing. Many providers rely on personal funds, restricting their capacity for growth and quality
- Low Health Insurance Coverage: Nigeria’s health insurance penetration remains at approximately 5%, leading to over 80% out-of-pocket healthcare Expanding insurance coverage is crucial to improving access and reducing financial hardship…Click to download
