#Nigeria’s health care sector is set to attract $1million investment to Save One Million Lives of women and children from preventable causes such as malaria, malnutrition, lack of access to life-saving commodities, suboptimal supply chain systems, amongst others.
This landmark investment, which is driven by the Private Sector Health Alliance of Nigeria (PHN) a public-private coalition aimed at mobilising Nigeria’s private sector to improve health outcomes, is via a Health Innovation Challenge (HIC).
This initiative, which is the first of its kind in Africa, will enable Nigeria accelerate progress in achieving health related MDGs as the 2015 target intensifies.
The HIC, which will be launched on December 5 by leading private sector business leaders in Nigeria including the Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe and chair of the innovation challenge, Aliko Dangote, Jim Ovia, would identify and support promising innovative models to improve healthcare service delivery in Nigeria’s comatose healthcare system.
Supported innovations include new technologies, unlocking markets and process innovations targeted at addressing evidence-based healthcare challenges that respond to various geopolitical and socio-cultural peculiarities in Nigeria.
Wigwe revealed that the Health Innovation Challenge, would inspire a wave of private sector-driven innovation to enable Nigeria achieve its Saving One Million Lives target and improve health outcomes.
The Chairman Zenith Bank Plc and co-chair of the alliance, Mr. Jim Ovia, hinted that the landmark HIC signals the emergence of a compelling new model to attract and leverage private sector capabilities to foster the realization of pragmatic and scaleable solutions to Nigeria’s healthcare challenges.
For Muntaqa Umar-Sadiq, CEO, PHN, investments for winning innovative pitches would be disbursed through a result-based approach given the paradigm shift in the health sector from a focus on inputs to one additionally focused on outcomes and the number of lives saved.
“The HIC will be open to individual innovators, group of individuals, corporate organisations, NGOs, academic institutions etc many of whom are players in the #Nigerian Health Innovation Market (NHIM) place. A virtual innovation hub has been developed to serve as a convergence platform for all actors of the health innovation ecosystem,”
A peep into the Health Innovation Challenge shows that it will be conducted in three phases. Details of the application process and cash investment for winners of the Innovation Challenge are expected to be disclosed during the inaugural Health Innovators Community of Practice meeting convened by the PHN.
Founding Patron of the alliance, Dangote, added that the lives of Nigerian women and children represent the most important asset hence “through spurring health innovation, we shall do everything to safeguard them.”
The vision of the Private Sector Health Alliance of Nigeria is to build an unprecedented, world class private sector-led coalition that focuses on accelerating improvement in health outcomes through advocacy, innovation, impact investments and partnerships to save at least one million lives of women and children in Nigeria.
Source: This Day Live