Minister of Power, Joseph Tegbe, has urged local and international investors to adopt sustainable financing models for the electrification of Nigeria’s healthcare facilities, describing the sector as one of the most compelling investment opportunities in Africa.
He made the call while speaking at the National Healthcare Electrification Investor Matchmaking Forum, organised under the Nigeria Power for Health Initiative (NPHI), at the Lagos Civic Centre, Victoria Island.
The forum, hosted by the Minister of State for Health, Dr Isiaq Salako, was convened by the Federal Ministry of Health and Social Welfare in partnership with UK PACT and brought together representatives of Federal and State Governments, Chief Medical Directors, Development Partners and Private Sector Leaders.
Speaking in his remarks, Tegbe commended the Federal Ministry of Health and Social Welfare for convening the engagement, saying reliable electricity is not just an infrastructure requirement but a bedrock of healthcare delivery.
He said he had been a key stakeholder in the NPHI since its inception even before he was appointed Minister of Power noting that it was a personal commitment and reaffirmed his support on the Honorable Minister of State (Health).
He said the NPHI objectives are in line with the ongoing Power Sector Reforms and President Bola Ahmed Tinubu’s Renewed Hope Agenda.
“It is a chance to embed energy planning into the development of health infrastructure, to deploy grid reinforcement and renewable hybrid systems tailored to the needs of health facilities, and to improve coordination among the institutions of the power sector, health authorities, regulators and private sector partners,” he said.
Minister Tegbe highlighted the magnitude of the opportunity, with over 35,000 registered health facilities at the primary, secondary and tertiary levels throughout the country, as a significant pipeline of bankable projects that could attract domestic and international capital to invest in solar mini-grids, hybrid energy systems, battery storage, energy efficiency technologies, smart metering, facility energy management platforms, operations and maintenance services, and climate-resilient infrastructure.
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