HealthHighlight

Heritage Bank partners Oyo State on N50bn Healthcare Endowment Fund

1.2k

[dropcap]H[/dropcap]eritage Bank Plc has partnered Oyo State Government in transforming the healthcare sector through the N50billion Healthcare Endowment Fund, as part of its corporate social responsibility.

The partnership according to the bank is to make healthcare delivery affordable and accessible to all.

Heritage bank would adopt a health and maternity centre at the State Teaching Hospital, thereby expanding its capacity from 45 to 60 beds, said MD/CEO of the bank, Mr. Ifie Sekibo at the flag-off of the endowment fund.

“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.”

He also stated 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.

According to him, for every business relationship to be meaningful, it must be mutually beneficial to the parties involved; otherwise such partnerships would not last.

On this realization, 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 has 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.

Earlier speaking at the occasion, Senator Abiola Ajimobi, the State Governor, who commended Heritage 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 Pacesetter State may appear too ambitious with the Endowment Fund. However, he explained that Oyo State is ambitious because it has what it takes a state to be the medical hub of the whole nation.
However, Governor Ajimobi stated that the state have evolved to a level that individuals and corporate entities will give back to the public sector part of what the public sector has given to us.

The Commissioner for Health, Dr. Azeez Adeduntan, in a welcome address, stated that the fund would be used to renovate the 57 general hospitals and 622 health centres. Apart from this, he noted that the fund would be used to buy drugs, employ more health workers and build more hospitals.

Leave a comment

Related Articles

House of Reps Flags Unauthorized Changes to Tax Laws

Rep. Abdussamad Dasuki has alerted the House of Representatives to alleged discrepancies...

Just In: 4 Onboard as Aircraft Crashes in Owerri

A Cessna 172, registered as 5N-ASR and operated by Skypower Express, crashed...

ADC’s Promotion Blocked After Military Protests, Tinubu Backs Down

President Bola Tinubu has reportedly halted the extraordinary promotion planned for his...

Defensive Woes Haunt Super Eagles in Egypt Friendly Ahead of AFCON 2025

Nigeria’s Super Eagles suffered a 2-1 defeat to Egypt in a friendly...

Gas Supply Issues Cripple National Grid, Power Generation Drops – NISO

By Joycelyn Ellakeche Adah Nigeria’s national electricity grid has experienced a decline...

Fagbemi Hails Supreme Court Ruling on Rivers Emergency, Says It’s a Win for Nigerians

The Attorney General of the Federation and Minister of Justice, Prince Lateef...

SGF Suspends NAFDAC’s Enforcement on Sachet Alcohol Ban

By Maryanne Awuya The Office of the Secretary to the Government of...

Tinted Glass Policy: NBA Threatens Legal Action Against IG, Police Spokesman

The proposed reinstatement of the motor vehicle tinted glass permit policy continues...

National Energy Survey: REA, NBS Partner to Strengthen Nigeria’s Power Sector Data

By Joycelyn Ellakeche Adah The Rural Electrification Agency (REA) and the National...

Insecurity and Women: FG Unveils Comprehensive Plan for Support and Protection

By Maryanne Awuya As part of efforts to address the impact of...

Just In: Ex-Chief Justice Of Nigeria Tanko Muhammad Exits 2 Weeks Shy of 72

Just two weeks to his 72nd birthday, former Chief Justice of Nigeria...

Dangote Provides Details of NMDPRA CEO’s Alleged $5m Swiss School Fees

Aliko Dangote, chairman of the Dangote Group, has revealed further details of...

Dangote-NMDPRA Rift: Reps Intervene, Summon Parties For Explanation

The House of Representatives Committee on Petroleum Resources (Downstream) has stepped in...

FG Pledges Support for Nigerian Army Modernization and Welfare

The Federal Government has reaffirmed its commitment to the Nigerian Army, promising...

Alleged N2.2bln Fraud: Buhari’s Minister Ngige to remain in Kuje prison till Dec. 18

Justice Maryam Aliyu Hassan of a High Court of the Federal Capital...

Just In: Nigeria’s Inflation Rate Drops to 14.45% in November 2025, Lowest in Five Years

Nigeria’s headline inflation rate has slowed down to 14.45% in November 2025,...

Emergency Rule: Supreme Court Justices Divided on President’s Power to Suspend Gov, Others

The Supreme Court affirmed the constitutional right of the President to declare...

AFCON 2025: 11 in Super Eagles Camp in Cairo With Latest Arrival, Zaidu Sanusi

Talented FC Porto defender Zaidu Sanusi has landed in Cairo, Egypt, significantly...

US Consulate Invites Nigerian Students to Pre-Departure Orientation

The US Consulate General in Lagos has announced a pre-departure orientation session...

8 Months Later, Supreme Court Throws Out PDP’s Lawsuit Against Rivers Emergency Rule

Eight months after the Federal Government declared a state of emergency in...