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Reps demand health infrastructure development bank, approve bill

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The House of Representatives on Tuesday passed for second reading, a bill seeking to establish the Nigerian Health Infrastructure Development Bank with N100bn capital to invest in the sector.

The bill is jointly sponsored by the Speaker, Femi Gbajabiamila; and a member, Mansur Soro.

According to the sponsors, the proposed bank is to enhance and promote the health and wellbeing of Nigerians to boost local health care capacity.

The second reading came about one week after the Nigerian Medical Association met with the House called for creation of a Bank of Health to empower the private sector to invest in health care services.

Leading debate on the bill, Soro noted that the bank would promote the development of financial capacities of participants in the health sector and enhance the availability of medical and clinical equipment, facility upgrade and contribute to prosperity of the country.

Soro added that subject to the approval of the Minister of Finance, the bank would raise loans from the local and international capital markets from bilateral or multilateral sources as the market situation permits.

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