Ex­pert urges in­ter­ven­tion in health care fi­nanc­ing

Daily Trust - - NEWS - By Chris Agabi

A lead­er­ship de­vel­op­ment ex­pert, Dr. Kelechi Ohiri, has called for an in­ter­ven­tion fund to re­vamp health care de­liv­ery in Nige­ria like those of­fered by the Cen­tral Bank of Nige­ria (CBN) to agri­cul­ture, avi­a­tion and the man­u­fac­tur­ing in­dus­try.

Dr. Ohiri who is the Health Lead­er­ship Academy (HLA) ad­vi­sory board mem­ber/CEO, Health Strat­egy and De­liv­ery Foun­da­tion, told our cor­re­spon­dent in Abuja that such a fund was crit­i­cal to help raise health care de­liv­ery stan­dard in Nige­ria.

“There are sev­eral mar­ket fail­ures in health care that need to be ad­dressed, one of which is ac­cess to cap­i­tal. In the other sec­tors they have had in­ter­ven­tion funds, they’ve ways of re­duc­ing the cost of cap­i­tal and I think the health sec­tor needs some­thing of that na­ture. Ei­ther in­ter­ven­tion funds or a mar­ket driven ap­proach to re­duce the cost of cap­i­tal, it could even be by risks guar­an­tee or other fi­nan­cial in­stru­ments,” he noted.

He also urged the govern­ment to cre­ate an en­abling en­vi­ron­ment to at­tract pri­vate sec­tor in­vest­ments in health­care de­liv­ery.

“How do we as a coun­try cre­ate the en­abling en­vi­ron­ment to at­tract pri­vate sec­tor in­vest­ments in health care de­liv­ery and com­pli­ment what the govern­ment is do­ing? Also, how do we set the right pol­icy frame­work to en­sure that care is ac­ces­si­ble to ev­ery­one, rich or poor?” he asked.

He said HLA was fo­cused on build­ing com­pe­ten­cies in health care in­sti­tu­tions so they can run the in­sti­tu­tions prof­itably.

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