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Afreximbank to construct African Medical Center of Excellence in Abuja

JuL, 2021 |  By Anthony Ogunleye | ||

African Export Import Bank (Afreximbank), a pan-African multilateral trade finance institution with headquarters in Cairo, Egypt, is set to construct an African Medical Center of Excellence in Abuja. The cheery news was broken during a visit by a delegation of the bank led by its President and Chairman, Board of Directors, Professor Benedict O. Oramah to the Federal Capital Territory Administration (FCTA) recently.

Federal Capital Territory (FCT) Minister, Malam Muhammad Musa Bello, who received the delegation, expressed excitement about the project, saying that establishing the medical centre in Abuja will not only attract people seeking medical attention within the African continent to the center, but also reduce medical tourism from Nigeria. Malam Bello, who commended Afreximbank for its various projects and investments in FCT, said: "We feel highly honoured with your tangible presence in respect of the projects you are doing here and we look forward to your investments either directly or as an enabler because, as you know, Abuja itself is a city that started from scratch and it's a work in progress. So, we want enablers like you."

The Minister also urged the bank to support FCTA in the provision of infrastructure, especially in the proposed location of the Medical Centre of Excellence as well as the powering of street and traffic lights within the city. Speaking further on electricity generation and possible areas of support from the bank, the Minister said that Nigerian laws made provisions for the eligible customer that consumes electricity in excess of two megawatts to independently source for electricity. He said that the FCT could explore this possibility with support from the bank.

He said: "The power laws in Nigeria now allow for what we call eligible customer. Once your consumption is up to two megawatts, and obviously the consumption of the city is far above two megawatts, that allows us to create a solution that is off grid, and then, of course, we look at renewable options." Speaking earlier, Afreximbank's President, Professor Benedict Oramah said the bank's team was in FCTA to brief the Minister on the progress made on the construction of the African Medical Center of Excellence and the African Trade Center in Abuja.

He also commended the Minister for the tremendous support the bank has enjoyed from FCTA, especially as it begins to implement some of its initiatives in Nigeria that are located in Abuja. Shedding more light on the establishment of the medical center, the bank's Director, Export Development/Acting Director, Project and Asset-Based Finance, Oluranti Doherty, said that the bank was working closely with leading international medical, human resource and construction consultants and expressed optimism that the ground-breaking ceremony will be carried out by November, 2021.

The FCT Minister had in May last year presented the Certificate of Occupancy of the land for the African Medical Center of Excellence to be situated in the proposed Abuja Medical City Development Project, to Afreximbank's Regional Chief Operating Officer, Anglophone West Africa. Mr. Abdoulaye Kone. Also present at recent meeting were FCTA Permanent Secretary, Mr. Olusade Adesola, Chief of Staff to the FCT Minister, Malam Bashir Mai- Bornu, Solicitor General of FCTA Barrister Yusuf Wodi, Director of Lands, FCTA, Adamu Hussain Jibrin, among other staff of FCTA and the bank.

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