Tuesday, November 18, 2025

IMPACT WATCH NETWORK
Leading true information for positive global change.

LAPO MfB, IITA, Water.org, IFC, others collaborate to strengthen ESG commitments, deepen sustainability impact

LAPO Microfinance Bank Partners with IITA, Water.org, IFC, and Others to Strengthen ESG...

Ramadan 2024: Islamic philanthropy surges to record high as UN delivers warning

Islamic philanthropy raised a record $46 million for 2 million displaced people in...

Battling green skill shortage in the quest for a sustainable economy

Growth in demand for green skills is outpacing the increase in supply -...

Nigeria to get WHO-recommended new malaria vaccine by Mid-2024

The World Health Organisation has recommended a new vaccine, R21/Matrix-M, for the prevention...
HomeIssuesHealthOyo Government seeks...

Oyo Government seeks €55m credit facility for health reform from France

Lists proposed statewide healthcare projects

The Oyo State House of Assembly has granted concurrent approval for Governor Seyi Makinde to get a €55 million concessional loan facility requested from French government.

The lawmakers is expects the move to drastically transform Oyo State’s healthcare sector.

The facility, sourced through the French Treasury, is designated for the execution of the Oyo State Healthcare Project VI.

The letter conveying the request, which dated 11th July 2025 was formally read on the floor of the House by the Speaker, Rt. Hon. Adebo Ogundoyin during Monday’s plenary session.

It also stated that the the State Executive Council had earlier approved the loan, which carries a strikingly low interest rate of 0.0092% per annum, a tenure of 40 years (480 months), and a moratorium period of 15 years (180 months).

According to the letter, Governor Makinde noted that the funding will support comprehensive reforms aimed at repositioning healthcare delivery statewide.

Some of the key components of the approved facility include: establishment of public-health-relevant services including emergency treatment, trauma management, and intensive neonatal care; full digitalization of the healthcare system for streamlined interaction between providers and clients; renovation and equipment of Primary Health Care Centres and Secondary Health Care Facilities and reorganization of health insurance structures under OYSHIA, (Oyo State’s Health Insurance Agency).

According to the request, the healthcare facilities scheduled for Intervention are: Flagship Development at Ring Road State Hospital; Advanced Medicine Centre (ICU, Renal Dialysis); Maternal and Child Health Unit and Emergency Medicine Unit, including a Cath Lab and call centre.

For the Maternal and Child Health: General Hospitals at Iseyin, Eruwa, Kishi, Aremo (equipment only), Oni Memorial Children Hospital and Adeoyo Maternity Hospital (Neonatal Unit) are selected.

For Emergency Medicine Upgrades: Saki Specialist Hospital, General Hospitals at Igbora, Ogbomoso, Moniya, and Oyo, as well as Jericho Specialist Hospital (equipment installation), will benefit.Dental and Maxillofacial Centres at Dugbe, Ring Road, Eruwa, Iseyin, Ogbomoso, Oyo, Saki, Moniya, Aremo and Apata will be accommodated in the facility.

Following the reading of the letter, legislators in their contributions commended the administration’s bold initiative, emphasising that the need for improved access to quality health services in Oyo State is long overdue.

In his remarks, the Speaker, Rt. Hon. Ogundoyin praised Governor Makinde’s proactive focus on infrastructure and called for expedited implementation.

“This Assembly is committed to supporting efforts that directly improve the lives of our citizens. Healthcare is a priority, and the terms of this facility are extremely favourable,” he stated before calling a voice vote, which resulted in unanimous approval.

The House also directed relevant Ministries, Departments, and Agencies to uphold transparency, due process, and fiscal accountability in managing the funds and executing the healthcare projects.

Do you want to share your impact stories or pitch the coverage of your CSR event to us? E-mail: editor@impactwatch.net or *Phone +234-806-795-0250 (Whatsapp &Text)

We do everything possible to supply quality news and information to all our valuable readers day in, day out and we are committed to keep doing this. Your kind donation will help our continuous research efforts.

Get notified whenever we post something new!

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

spot_img

Seize the spotlight!

Experience unparalleled exposure and skyrocket your business!

Continue reading

Nigerians emerge top performing students in Digital SkillUp Africa program

Patrick Abiola, the founder of Rictan, has been recognized as one of the Top Performing Student, among other Nigerians, in Product Management Program track of the Digital SkillUp Africa (DSA) organized by The Incubator Hub Nigeria. Abiola graduated among the...

Cardri unveils innovative tech tools to unlock Intra-African Trade for SMEs

The African fintech landscape is witnessing a major shift as Nigerian startup, Cardri Finance, intensifies efforts to simplify trade and payment flows across the continent, creating seamless instant payment infrastructure. This is through its Instant Intra-Africa Payment product, an...

UNILAG Professor secures dual grants for sustainability research

The Co-Director of the Centre for Housing and Sustainable Development (CHSD), University of Lagos (UNILAG), Nigeria, Professor Peter Elias, has secured two significant grant awards to advance research and innovation in sustainable development. Details of the two research grants, funded...

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.