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NHEA 2017 Honours Innovators, Achievers in Healthcare Sector

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Individuals and organisations who are leveraging information technology in creating new business models in the healthcare sector in Nigeria, where recently at the Nigerian Healthcare Excellence Award (NHEA) 2017 recognised for outstanding performances.

The Nigerian Healthcare Excellence Award (NHEA), an initiative of Global Health Project and Resources in collaboration with Anadach group, USA, is an annual event which celebrates distinguished personalities and organisations who have contributed immensely to the growth of the Nigerian health sector.

Dr. Anthony Omolola, chairman, Advisory Board for 2017, said that the award has gained confidence following increased recognitions and active participation of the industry stakeholders.

He said the Advisory Board has bechmarked the categories as similar prestigious awards across the globe, honouring individuals and organisations that have worked tirelessly to promote healthcare services in the country; investing their time and resources to serving humanity.

NHEA started in 2014 and has since become a high profile event in the healthcare industry, gaining wide acceptance from stakeholders in the healthcare community, public and private sector.

“Over the years, NHEA has engendered more awareness and focus on quality and standard of services provided by various stakeholders in the industry by inspiring them to adopt international best practices and aspire to be the benchmark for excellent healthcare delivery in Nigeria and Africa in general”, Dr. Omolola said.

On why NHEA was conceived, he said, “It has been shown that increased competition leads to higher productivity, improved quality and efficiency. This usually results in reduced costs and increased patient satisfaction. NHEA’s recognition aims to stimulate quality improvement and innovation in the Nigerian health sector leading to improved service delivery and management of key health issues.

“The event is a unique forum that brings together key stakeholders and drivers of national and international trends, policy and solutions in the healthcare industry. Over 500 healthcare dignitaries from private and public sectors attend the event annually”.

On her part, Vivian Alikali, executive secretary of the Organising Committee, said that NHEA will continue to promote the healthcare system in Nigeria, ensuring it reaches international standards in healthcare delivery for the wellbeing of her citizens.

“The Award also examines the rapid growth of Nigeria’s healthcare sector, the role of technology and the capacity of organisations and individuals to influence and set new performance standards in the country and beyond,” she said.

Highpoint of NHEA 2017 was the confinement of Lifetime achievement award on Professor (Mrs) Ibironke Akinsete, a Haematologist; and Pharmacist (Mazi) Samuel Ohuabunwa.   

The winners include: Healthcare Information Technology Provider of the Year- Armpersonal Logistics; Nursing and Midwifery Excellence Award- Prof. Ezekiel Olasunkanmi Ajao, Babacock Univeristy; Healthcare Media Award (print)- Pharmanews; Electronics- Mary Alale-Yusuf of Health Matters (ChannelsTV); Healthcare friendly Financial Institution of the Year- Diamond Bank; Health Maintenance Organisation of the Year- Total Health Trust Limited; Pharmaaccess Innovative healthcare Service Provider of the Year- Safermon; Private Healthcare Provider of the Year- Lagoon Hospitals; Tertiary Healthcare Provider of the Year- Aminu Kano Teaching Hospital, Kano and Private Laboratory Services Provider of the Year- Pathcare Laboratories.

Others are Radiology Provider of the Year- Clinix Healthcare Lagos; Dental Service Provider of the Year- Smile 360 Dental Specialist; Eye Care Service Provider of the Year- Eye Foundation Hospital; IVF Service Provider of the Year- Nordica Fertility Centre; Physiotherapy Service Provider of the Year- Body Mechanics Physiotherapy and Wellness Centre; Dialysis Service Provider of the Year- Renal Dialysis Limited, among others. 

 


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Transcorp Power Reports N67.86Bn Revenue

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Transcorp Power Plc, also known as Transcorp Power, reported N67.86 billion in revenue for the quarter that concluded on March 31, 2024, on Friday.

Transcorp Power Reports N67.86Bn Revenue

Peter Ikenga

The amount represents a notable 223 percent increase from the N21.04 billion reported in the first quarter of 2023.

This was disclosed in the electricity generating company’s unaudited financial report, which was made available in Lagos, for the period ending March 31.

Transcorp Power reported that its Profit Before Tax (PBT) increased to N28.77 billion in the first quarter of 2024 from N3.29 billion in the same period the previous year, a 775 percent increase.

In the first quarter of 2024, the company’s Profit After Tax (PAT) increased by 665% year over year to N20.1 billion, from N2.6 billion in the same period the previous year.

The total assets of the electricity-generating subsidiary increased as well, rising from N223.3 billion in the same period of 2023 to N276.2 billion in the first quarter of 2024.

Mr. Evans Okpogoro, chief fnancial officer, Transcorp Power, commented on the financial highlights, stating that the company’s first quarter results for this year showed a cost to income ratio of 70% and a gross margin of 51%.

According to Okpogoro, the company also reported a gross margin of 37%, an expense-to-income ratio of 87%, a net profit margin of 13%, and a net profit margin of 30% as of the first quarter of 2023.

He stated that this highlighted the remarkable operational efficiency gains of the company.

According to him, Transcorp Power has continued to grow its revenue aggressively and consistently over the last five years.

“We expect that by the end of the year 2024, we will see a similar growth trajectory recorded between 2022 and 2023 financial year.

Also, Mr Peter Ikenga, managing director/chief executive officer (CEO), Transcorp Power, expressed the company’s delight to report further robust financial performance, despite sectoral challenges such as gas supply issues and macroeconomic challenges.

Ikenga said the ability of the electricity subsidiary to sustain growth amidst the environment shows the resilience of its business model and the efficient execution of its strategic initiatives.

As part of the Transcorp Group’s implementation of its integrated power strategy, the managing director went on to say that the company’s strong performance is evidence of its strategic focus and effective execution.

Strategically investing in the power, hospitality, and energy sectors, Transcorp Power Plc is an electricity-generating subsidiary of Transnational Corporation Plc (Transcorp Group), one of Africa’s top listed companies.


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PIN, Pan-Atlantic University Partner to Empower Journalists with Digital Rights and Inclusion Knowledge and Skills

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Paradigm Initiative (PIN) and the School of Media and Communication, Pan-Atlantic University (SMC, PAU) have sealed a partnership aimed at increasing knowledge and skills in reporting and responding to digital rights and inclusion issues in Africa.

This collaborative effort is aimed at equipping journalists with the expertise needed to effectively document and report on digital rights violations and advocate for inclusive digital spaces across Africa.

The partnership is part of PIN’s Digital Rights and Inclusion Media Programme (DRIMP) which encompasses media fellowships run collaboratively with academic institutions and sector experts. Through the programme, PIN partners with academic institutions and key digital rights experts to deliver capacity-building training sessions to early-career media practitioners and media students. DRIMP exposes relevant programme fellows to digital rights and inclusion, enhancing their ability to report and respond to any violations that may arise.

“Building a strong network of informed advocates and reporters is crucial for promoting and protecting digital rights in Africa and this collaboration marks a defining moment for the documentation of digital rights developments within Africa,” said Bridgette Ndlovu, PIN’s Partnerships and Engagements Officer. “Through this partnership with the School of Media and Communication, Pan-Atlantic University, we will empower media students to hold governments and the private sector accountable for upholding digital rights standards,” she said.

Commenting on behalf of SMC, PAU, Senior Lecturer at the School of Media and Communication, Dr. Nwachukwu Egbunike highlighted that the partnership is in line with SMC’s commitment to providing industry relevant skill sets to her students. The partnership will foster experiential learning, which is one of the cardinal teaching objectives of Pan-Atlantic University, Lagos. .

“We are excited to partner with Paradigm Initiative. Equipping media students with the knowledge and skills to report on digital rights issues is essential for building a more just and equitable digital space in Africa,” Dr. Egbunike added.

The collaboration comes at a time when rapid digitalisation and adoption of digital policies is gaining traction in Africa. Through the partnership, PIN will provide technical facilitation on digital rights topics which include: Surveillance, data privacy and digital legislation in Nigeria and Africa. Media students at Pan-Atlantic University will publish research papers on digital rights and inclusion. PIN will also offer internship opportunities to a maximum of two interns to recommended outstanding students who are part of the School of Media and Communication, Pan-Atlantic University programme per cohort. The Internship slots will allow student beneficiaries to learn from and contribute to PIN’s or any of its partners’ work.


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NELFUND Says UTME, NIN, BVN Mandatory for Student Loans

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Nigerian Education Loan Fund (NELFUND) has said that Nigerian students will need to present their Unified Tertiary Matriculation Examination registration number (UTME); National Identification Number (NIN); and Bank Verification Number (BVN) to access student loans.

NELFUND Says UTME, NIN, BVN Mandatory for Student Loans

Mr Akintunde Sawyerr, managing director of NELFUND, assured that the body would ensure that those he called ‘ghost students’ would not have access to the soon-to-be-launched scheme.

The MD noted that NELFUND has put processes in place to ensure that all applicants and beneficiaries are traceable to prevent the loan from turning into a sort of national cake.

“We are using technology to run the system. The process of application is online and we are limiting human contact as much as possible. Once you have a Bank Verification Number, BVN and National Identification Number, NIN, which are parts of the requirements, we will have access to your data and all your accounts. This will also help us to know if you are qualified or not,” he explained.

He explained further that those who are already in school can apply for the loan at any level of their study, but must be at the beginning of each session. They would also have to provide their admission and matriculation details in addition to BVN and NIN.

According to the NELFUND boss, about 1.2 million Nigerian students in tertiary institutions and government-recognized skill acquisition centres would be among the first batch of beneficiaries. The number may increase as time goes on.

The programme, he noted, will be funded with one per cent of the total annual collectable revenue by the Federal Inland Revenue Service (FIRS), which will amount to N194 billion if the agency meets its projection.

He explained that the loan would be paid in two segments. The first, he said, is the chargeable school fees which would be paid directly to the institutions while stipend would be paid into individual student’s account for day-to-day upkeep.

Mr. Sawyerr stated that the amount individual applicants will access will vary because of the course of study, school fees payable and geographical location of the institutions among others.

On the method of payback, he said, “You don’t start paying back the loan until two years after your National Youth Service Corps, NYSC Scheme and that is, if you have secured a job or business. A beneficiary can defer repayment if he has not secured a job, but if after due diligence, he defaulted, then he becomes a criminal and we will work with every agency that can help us get the money back, for example, EFCC, ICPC etc.”

 


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