Nigerian banks throwing money at medical practices


We are not quite sure whether we should be celebrating a new trend we have noticed emerging in Nigeria or not. In many Nigerian newspapers there are financial products targeted at medical institutions. At the typical interest rates of over 20%  per annum for borrowing in Nigeria , we wonder how the operations of a typical medical institution will lend itself to these products. Also with the reputation of our banking sector, it is impossible to say if this innovation in our banking sector is a good thing for our health sector or the beginning of the monster that has consumed many others.

What do you think?

Never doubt that a small group of thoughtful committed people can change the world; indeed it is the only thing that ever has…Margaret Mead

Chikwe Ihekweazu is an epidemiologist and consultant public health physician. He is the Editor of Nigeria Health Watch, and the Managing Partner of EpiAfric (, which provides expertise in public health research and advisory services, health communication and professional development. He previously held leadership roles at the South African National Institute for Communicable Diseases and the UK's Health Protection Agency. Chikwe has undertaken several short term consultancies for the World Health Organisation, mainly in response to major outbreaks. He is a TED Fellow and co-curator of TEDxEuston.

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