FCMB unveils ₦20B fund to finance Nigeria's private healthcare sector
What's the deal? First City Monument BankDealroom has a profile for this one. Try Dealroom → (FCMB) has launched a ₦20 billion Healthcare-Focused Fund to expand financing for healthcare businesses across Nigeria. The bank unveiled it at the FCMB Healthcare Summit 2026, presenting a ceremonial cheque to the Healthcare Federation of Nigeria (HFN) on behalf of the country's private health sector.
What's the endgame? The fund targets small and medium-sized providers — clinics, pharmacies, diagnostic centres, maternity homes, and Patent and Proprietary Medicine Vendors (PPMVs). HFN said these enterprises form the backbone of healthcare delivery across Nigeria.
Who's involved? Iziaq Kunle Salako, minister of state for health and social welfare, made the presentation alongside FCMB executives. In his keynote, he stressed the government's commitment to collaborating with the private sector on Universal Health Coverage.
Why now? HFN president Njide Ndili described access to capital as "without question, the single greatest constraint" holding back the private healthcare sector, particularly for smaller providers. She called financing one of the most critical enablers of sustainable growth.
What could go wrong? Reaching intended recipients is not guaranteed. HFN said it will help identify and pre-qualify eligible facilities and support SMEs to become investment-ready through frameworks such as SafeCare, while bridging awareness gaps so the fund reaches its target providers.
The signal: Ndili pointed to HFN's experience with PharmAccessDealroom has a profile for this one. Try Dealroom →' Medical Credit Fund, arguing healthcare SMEs are bankable when paired with technical assistance and sound business practices. FCMB's fund signals growing confidence that private healthcare financing in Nigeria can be both impactful and commercially viable.
Read more: The Sun Nigeria
