Dangote Seeks Private Sector-led Health Care Trust Fund

the Sovereign Wealth Funds (SWFs)
  • Dangote Seeks Private Sector-led Health Care Trust Fund

The President, Dangote Group, Aliko Dangote, has reiterated the need for private sector operators to commit one per cent of their annual profits to funding health care services in the country.

A statement on Sunday quoted Dangote as suggesting to members of the expanded National Economic Council meeting recently the need to have a trust fund to revitalise the nation’s public health sector, similar to the Education Trust Fund being operated at the federal level and security trust funds in some states.

He expressed the conviction that such a trust fund would go a long way to help the nation’s health sector and improve the people’s well-being in the face of multiple challenges confronting the nation with limited resources available to the government.

Dangote, while speaking with journalist in Lagos on Saturday on the proposal for one per cent profit for the health care trust fund, stressed the need for Nigerians to enjoy good health.

The statement quoted him as saying that the private sector needed to come in because it was obvious that the government did not have enough resources to execute all health care infrastructure.

Dangote explained that such a fund could be administered by the government and the private sector for maximum impact.

While expressing his readiness to offer necessary assistance to the government on how to come about the trust fund, he enjoined private sector operators to be ready to join hands with the government “to achieve the overall objective of improving our public health sector and turn around our human capital availability.”

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Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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