Bank of Industry Secures €50m From European Investment Bank for Healthcare Funding
Pecohub The Bank of Industry (BoI) has secured €50 million from the European Investment Bank (EIB) to strengthen Nigeria’s healthcare and pharmaceutical sector.
The funding will provide long-term financing to healthcare and pharmaceutical businesses, support local manufacturing and improve supply chains for essential medicines and vaccines.
The Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) advised on the deal, helping to align the facility with national health priorities and policy goals.
BoI’s Managing Director, Dr Olasupo Olusi, said the partnership was designed to deliver “sustainable and long-term impact” through collaboration across the public and private sectors.
The initiative is part of a broader push to reduce Nigeria’s dependence on imported medicines and boost domestic production capacity.
BoI, Nigeria’s main development finance institution, says it has supported over one million enterprises and disbursed more than N1.27 trillion between 2023 and 2025.
