The Federal Executive Council (FEC) has approved ₦4.8 billion for HIV treatment and $1.07 billion in funding for healthcare reforms under the Human Capital Opportunities for Prosperity and Equity (HOPE) program, marking a significant investment in Nigeria’s health sector.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the funding includes two $500 million concessional loans from the International Development Association (IDA), the World Bank’s concessional financing arm, along with a $70 million grant from international partners.
Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, emphasized that the HOPE program aligns with the administration’s agenda for human capital development. The funds will enhance governance in healthcare and improve primary healthcare services across the country.
“This financing will support the recruitment, training, and retention of healthcare workers and teachers at the subnational level,” Pate stated. “Additionally, $500 million will strengthen the quality, accessibility, and resilience of primary healthcare, including emergency maternal and child health services.”