Former Vice President, Prof Yemi Osinbajo, and healthcare stakeholders have called for the adoption of innovative financing mechanisms to address funding challenges confronting healthcare systems in Africa.
They made the call at a high-level roundtable on Innovative Financing Models for Africa’s Healthcare Systems, organised by Future Perspectives, a platform founded by Osinbajo, in partnership with the Gates Foundation, in Lagos.
The roundtable held earlier this month brought together government officials, development finance institutions, investors, financial sector leaders and healthcare executives to examine ways of mobilising sustainable capital for healthcare delivery amid persistent funding gaps.
Speaking at the event, Osinbajo said government funding alone could not meet the growing demands of healthcare systems, stressing the need for alternative financing models that would expand access and reduce dependence on direct payments by patients.
“Government spending alone can never address the scale of the challenge,” Osinbajo said.
