• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Foreign

AfDB urges ECOWAS to tailor investment to the needs of members

The Matters Press by The Matters Press
November 13, 2021
Reading Time: 3 mins read
0
ECOWAS clamours for free movement

ECOWAS

ECOWAS

The African Development Bank Group (AFDBG) has urged the Economic Community of West African States (ECOWAS) to tailor investments to the needs of Regional Member Countries.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Such investments, it said, should have clear focus on strengthening resilience to future health emergences and promoting sustainable and equitable health financing solutions.

Dr Akinwumi Adesina, President of AfDB, said in a Keynote at the 22 Ordinary Session of Assembly of Health Ministers of ECOWAS, on Friday in Abuja.

The Ordinary Session of West Africa Health Organization (WAHO) is an annual meeting by the 15 member states to brainstorm on health-related issues in the region and possible solutions.

The 22 session of the Assembly of Health Ministers of ECOWAS, is focused on discussing how the region can surmount future pandemics.

Adesina, who was represented by Dr. Beth Dunford, Vice President for Agriculture, Human and Social Development African Development Bank, was requested to provide the ECOWAS Health Ministers an objective economic assessment that stresses the need for renewed efforts to ending the pandemic as a path to economic recovery.

He said that the Bank would aimed to increase its investments in health infrastructure to support this strategy, using a range of instruments and involving diverse partnerships.

“The portfolio will include investment projects, results-based financing, risk-sharing instruments to leverage private sector resources, debt and equity investments in private companies, and the promotion of innovative sources of finance, such as diaspora funds.

“Filling the financing gap for health infrastructure will require mobilizing finances from the private sector, development finance institutions and diaspora groups.

“Across Africa, only 10-20%15 of investment in health service delivery infrastructure is mobilized by the private sector, due largely to high levels of investment risk.

“The limited coverage of health insurance and the dominance of out-of-pocket expenditure in health financing also make it more difficult for investors to secure a financial return.

“As a result, private sector investments in health infrastructure have been concentrated in brownfield investment to expand existing hospitals,” he explained.

He added that foundations such as the Bill and Melinda Gates were projected to play a growing role in the financing of health services in Africa, and would be key partners for the Bank.

He noted that there was also potential for mobilizing funding from diaspora communities and associations, either directly or through instruments such as diaspora bonds.

“Since the late 1980s, India has used fiscal and non-fiscal incentives to stimulate diaspora investment in health services, and nine of the top fifteen hospitals in India have been set up through such investments,” he explained.

Adesina added that the Bank was poised to play a critical role as a health infrastructure financier on the continent.

“We draw on our core expertise in infrastructure development and working with other development partners in support of national health system- strengthening plans and in support of enhancing African health system resilience.

“ Input from Ministers in the Bank’s 54 regional member countries, development partners and civil society is expected to strengthen the Bank’s Strategy for Quality Health Infrastructure in Africa,” he added.

Adesina added that the COVID-19 was a wake-up call on the central role of health systems and infrastructure for inclusive economic growth.

“The picture of pandemic impact isn’t yet fully clear, not fully quantified and is still unfolding. However, it offers hope that with increased health systems and infrastructure development, the continent may weather the storm of future pandemics.

“Let us change the narrative on the health systems in Africa. The Bank cannot do it without your ownership and support. We call upon you to validate and endorse the strategy highlighted here for the Bank to provide the much needed support to the continent in healthcare infrastructure,” he urged.

Guinea and Mali were absent at the 22nd Ordinary Session of West Africa Ministers of Health.

Tags: ECOWAS
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Buhari flags off $2.5bn Gas Pipeline Project, assures of prompt completion

Buhari leaves Paris to attend African trade fair in Durban

Instagram Is Testing Photo Albums, Because Nothing Is Sacred Anymore

Recommended Stories

NERC declares meters free under mass scheme

Ikeja Electric deploys 830,292 meters in 10 years

November 4, 2023
Nigerian firms to handle $4b gas project

African countries engage DFIs to fund oil, gas projects

March 7, 2022
Nigeria targets $1.2bn export capacity for every state

Non-oil products’ exports dominate campaign

April 13, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us