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‘NSIA spends N350m on cancer centre’


The Nigerian Sovereign Investment Authority (NSIA) has invested over N350 million on the Cancer Centre at the Lagos University Teaching Hospital (LUTH) to make it the best in Africa as part of renewed efforts to bring healthcare closer to the people. It disclosed that similar gestures have been extended to the Advanced Diagnostic Centres at the Federal Medical Centre (FMC), Umuahia and Aminu Kano Teaching Hospital (AKTH) to reduce the cost of treating cancer cases abroad for Nigerians. Its Managing Director, Uche Orji, disclosed this yesterday at the 2019 Leadership Forum Series organised by the Nigerian Pilot Newspaper in Abuja.

The NSIA, which was set up in 2013 with $1.5b is the Federal Government’s agency saddled with the responsibility of managing Nigeria’s Sovereign Wealth Fund (SWF). Orji said the Cancer Centre at LUTH presently has capacity for treating 100 patients daily and is expected to rise to 200 patients daily in the next few months.

“While the cancer centre at LUTH had been inaugurated, that of the FMC Umuahia and AKTH would be completed before the end of next year,” he added. He revealed that plans have reached an advanced stage to revive the Ajaokuta Steel Plants and all moribund refineries across the country with a view to creating more jobs for Nigerians and increase the nation’s earnings capacity.He, however, noted that the authority has no plans to be involved in the Ogoni Cleanup project since the Federal Government had made adequate arrangements for its execution.

“In spite of the daunting economic challenges, total comprehensive income and the impact of foreign exchange gains rose from N27.93b in 2017 to N44.34b in 2018, total assets grew by 16 per cent to N617.70b in 2018 as against N533.88b recorded in 2017,” he added.He assured that NSIA’s investment strategy remains robust with headline numbers maintaining a favorable trajectory across its three funding widow of “future generation, infrastructure and fiscal stabilisation” despite concerns of international trade challenges.

Speaking, Chairman and Publisher of the Nigerian Pilot, Prince Dennis Sammy, said the forum has been running for over 10 years.He explained that the forum was aimed at reviewing the impact of government on the people, interact with Nigerians on what they have done, as well as give leaders a platform to render their accounts of stewardship to Nigerians and how their leadership change the fortunes of the led.


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