Enitan Sanusi, healthcare finance expert and CEO ICWAPH Health and Social Care Funding SPV Plc., has advised investors to look into the healthcare sector of the economy, which according to him is in the growth stage, to build a sustainable investment model.
Sanusi, who was the guest speaker at the September business a.m./GTI Group Finance & Investment Dialogue, highlighted approaches investors could take towards building a sustainable model for investing in the sector.
According to him, targeting companies in growth stage where there are opportunities to strengthen corporate governance system, improves operational efficiency and enhances financial and management control, which would help venture capitalist and investors channel resources for optimal growth.
Addressing the dire need for funding in the sector, Sanusi lamented that the banks and those in the financial sector do not understand the dynamics in the health sector.
He said the health sector is in need of enhanced private sector participation and needs more players to provide better facilities and improved heath services.
On the need for a systematic approach for investing in the health sector, Sanusi stressed that the health sector should encourage community participation in the management of hospitals and other institutions involved in Nigeria’s health service sector.
Elaborating on the theme of the dialogue, “Optimal Healthcare Financing Model for Nigeria”, Phillip Isakpa, executive editor business a.m. newspapers, said the paper is focused on driving efficiency across markets and economic players.
“It is the inefficiencies of some markets that cause a lot of the problems that we have and business a.m. is focused on making sure that these problems can be solved.
“We want to see that when the price of an item is supposed to be N5 whatever distortion in the market is responsible for making it not stay at N5 is brought to the attention of those that will make sure that price returns to N5,” Isakpa explained
He added, “we know that price shapes a lot of things in markets, and we know how important money is; the idea of the Finance and Investment Dialogue is to see how the troubles around funding of the different sectors of the economy can be tackled.
“This is why we bring the experts who know the different subject matter to come here and show how markets can be made more efficient. Our goal is to make sure the markets are more efficient than they are today. This is the focus of business a.m. and the reason behind these dialogues that we have created with GTI,” he explained.