Institute of Corporate Wellness and Public Health, a cross-border network organization with focus on Nigeria is promoting platforms and structures to raise long-term funds and access to best practices for enhancement of health and well-being of Nigerians.
The organization is putting together an investor relations roadshow named: Live Well Alliance For Nutrition and Medication Summit, intended to enable the Muhammadu Buhari government and private sector organisations overcome revenue shortfalls and meet their health and welfare programmes. It seeks to achieve an elevated global public-private partnership for healthcare and social welfare structures of stakeholders .
The event, scheduled to hold at The King’s Fund, London, UK at a day to be announced soon, is expected to gather global stakeholders including the UK government, donor agencies, financial institutions, institutional investors, wellness corporations, among others, Ekaette Enitan Sanusi, director at the Institute told reporters at a media briefing recently.
“The secretary of Health and International Development in the UK, EMEA directors at Bills and Melinda Gates Foundation, Rockefeller Foundation, Bloomberg Philanthropies; multilateral and Development Agencies including European Investment Bank, Canadian International Development Agency, African Development Bank are billed to participate at the event,’’ Sanusi said.
Philanthropies and banks such as Rockefeller Foundation, Ford Foundation, OPEC Fund for International Development, German Development Bank, International Finance Corporation, EMEA chief executive at Citigroup Global Market, Goldman Sachs, HSBC Holdings, J.P. Morgan, Bank of Tokyo-Mitsubishi UF, Sumitomo Mitsui Banking Corporation are also expected to attend.
Nigerian private and public organisations are expected to gain immensely from participating at the event as “it will provide solutions to the fiscal challenges arising from oil price plunge as it opens up avenues to woo external buyers, projects financiers and enhanced direct investments and export proceeds inflows, according to Sanusi.
The Nigerian ruling party, All Progressives Congress promised in its manifesto to Nigerians to increase social welfare and health spending by as much 35 percent from 15 percent, through which it hopes to promote a healthy lifestyle, achieve a balanced nutrition and fund preventive and curative healthcare. The event is believed to facilitate funding to fill the government revenue shortfalls.
It is expected that the roadshow will raise a minimum $1 billion in equity and long-term capital commitment for participants; raise total health expenditure for governments to 10.1 percent from 6.1 percent of Gross Domestic Product worth $60 billion and raise healthy adult life expectancy to over 64 years from 46 years, sanusi said.
“Participating Nigerian banks are expected to position their UK subsidiary to reach new business clientele and deepen product offers while insurance and pension companies will benefit from the network to diversify their investment portfolio and rebalance asset allocation.’’
“Health and wellness companies will be able to access, connect, meet, share and network with affluent and influential government, corporate, institutional and high networth consumers and decision-makers,’’ she said.
Overall, the roadshow put together by the Institute of Corporate Wellness and Public Health will mobilize offshore and local long-time capital to strengthen public-private partnership structures for boosting micro, small and medium enterprises operational capacity of participating nations, especially Nigeria, with a track record for foreign direct investment, Sanusi said.
