The Bank of Industry has inaugurated a loan service scheme for private healthcare providers in Lagos State to cushion the cost of medical services.
The Managing Director of BoI, Mr. Rasheed Olaoluwa, disclosed this at the Health Sector Small Scale and Medium Enterprise Forum, organised by the State Ministry of Health and Partnership for Transforming Health Systems II in Lagos.

According to him, the lending institution, on recognising the strategic role that private health care providers plays in the country, has included them on the cluster of SMEs that can get BoI’s financial support.
He stated that the special scheme for SMEs in the health sector would attract loans ranging from N10m to N500m at 10 per cent interest rate.
Olaoluwa noted that owners of private hospitals, laboratories and medical diagnostic facilities in the health sector would now be eligible to BoI’s financial services, in addition to its existing support for eight pharmaceutical companies in the country.
BY BUKOLA ADEBAYO
THE PUNCH
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