Oyo to launch N50bn health endowment fund

Oyo to launch N50bn health endowment fund

Friday, July 21, 2017 8:46 am


Gov Ajimobi of Oyo State:

Gbenro Adesina/Ibadan

Oyo State Government has said that it will hold the launching of its N50billion endowment on August 3, 2017.

The State Commissioner for Health, Dr. Azeez Adeduntan, who disclosed this on  during a press conference in Ibadan, stated that the fund would be utilised for the establishment of a cardiovascular centre which would provide up-to-date routine and emergency care in a bid to reduce sudden deaths arising majorly from cardiovascular causes.

Dr Adeduntan, in company of his counterpart from Ministry of Information, Culture and Tourism, Mr. Toye Arulogun and the Consultant on the N50b Endowment Fund, Dr Bola Olaosebikan, noted that the fund would also be used for the upgrade of existing secondary health facilities in the 33 LGAs and the primary care facilities in the 351 wards of the State as well as engagement of qualified medical personnel for the afore-mentioned health facilities.

According to him, “the State has already commenced the construction of five secondary level facilities in five LGAs previous without such facilities. Presently, construction of these facilities is at various levels, but the Fund will adequately allow for full completion. Also, it will ensure that there is availability of up-to-date equipment for use in these hospitals”.

The commissioner further explained that the endowment fund would be used for infrastructural upgrade of 57 hospitals and 622 Primary Health Care centres, assuring that the fund would be administered with utmost transparency and accountability.

Dr Adeduntan explained further that the fund would be managed in a public purse separate from Government account by a Board of Trustees comprising notable Nigerians led by renowned Professor of Medicine, Chief Oladipo Akinkugbe, stressing that the first phase of the endowment activities will span the next two years with the possibility of extension.

Dr. Adeduntan explained “since all other vital sectors of the economy in the State are also competing for attention at the same time with the health sector, the government had no other alternative than to call on individuals, corporate organisations and well-meaning indigenes of the State to donate generously towards N50b health endowment fund. We need the support of well meaning Nigerians to take our health sector to the next level”.

Also speaking on the endowment fund, Mr. Toye Arulogun noted that the Senator Abiola Ajimobi administration met health care services in a bad state when he took over, saying however that the sector has been revamped and free medical services provided to over one million citizens.

He said the Ajimobi administration has placed health care delivery on the front burner, noting that there is need for concerted efforts to ensure the sector is not moribund and static.

In his own address, Dr. Olaosebikan noted that the Endowment Fund is the first of its kind in Nigeria, commended the state government for supporting the lofty idea and assured that many organisations from within and in the Diaspora are ready to contribute to the fund.

He therefore called on well-meaning Nigerians to give Oyo State government huge support by donating generously towards the N50b health endowment fund.


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