N50billion Health care Fund: Heritage Bank Partners Oyo


In its bid to make health care delivery affordable and accessible to all, the Oyo State Government has floated a N50billion Health Care Endowment Fund.

The gesture has received a boost, as Heritage Bank Plc, weighed in by partnering with the state government through its adoption of a health and maternity centre at the state teaching Hospital, thereby expanding its capacity from 45 to 60 beds.

Managing Director/ Chief Executive Officer (CEO) Ifie Sekibo who made this known also said that it was part of the bank’s Corporate Social responsibility.

Sekibo who made this known at the launch of the Endowment Fund in Ibadan, also said that apart from the existing structure that Heritage Bank would improve on, it would furnish the adopted hospital unit with necessary equipment required for efficient healthcare delivery to the people.

A statement quoted him to have stressed that for every business relationship to be meaningful, it must be mutually beneficial to the parties involved; otherwise such partnerships would not last.

Sekibo said Heritage Bank would support the state in its bid to renovate the facilities available in all the health institutions in Oyo state.

He said, over the years, Oyo State had been one of the key customers of Heritage Bank; hence the need for the support for the State now that it wants to add value to all its health institutions.

“At Heritage Bank, we believe in this project and that is why we have come to associate with it even from inception. No doubt, the motive behind it is laudable and, on completion it would make resourceful to the health of the citizens as well as other residents of the Oyo State.”

Earlier speaking at the occasion, the state governor, Senator Abiola Ajimobi, who commended Heritage Bank plc for their continuous support said the proceeds from the Endowment Fund would be used to further boost the healthcare delivery in the State.

“Today marks a turning point in the history of healthcare delivery in Oyo State. Preservation of healthcare is a duty of everybody – the government and the governed.

“Our duty as a government is not only to preserve the healthcare infrastructure available but to also improve on and expand the existing facilities. Through doing this, the sector would be able to effectively meet the demand of the day.”

The governor mandated that the healthcare scheme is accessible by all, even as he noted that every residents, including parents of pupil in public schools before their wards can be admitted and civil servants must register with the sum of N650 being part of their contribution.

The governor noted that to some people, the state may appear too ambitious with the Endowment Fund. However, he explained that Oyo State was ambitious because it has what it takes a state to be the medical hub of the whole nation.



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