General News
IFC, GE Healthcare Develop High Quality Health Diagnostics in Nigeria

IFC, a member of the World Bank Group, announced a partnership with SRL Limited, GE Healthcare and Echo-Scan Services Limited for the development of a chain of health diagnostic centers across Nigeria.
As part of the consortium, IFC will invest $12 million for the development of the new advanced, comprehensive diagnostic centers, and SRL, the largest operator of diagnostic centers in India and current IFC client, will operate the centers and provide personnel training.
GE Healthcare will serve as the joint development partner and key technology solutions provider, bringing a range of diagnostic imaging equipment, training, and $5 million of investment.
The new company, which will build on the services currently offered by Echo-Scan, will for the first time provide access to more sophisticated health technology for Nigerians who cannot afford to leave the country for services.
Currently, Echo-Scan’s seven clinics serve about 250,000 patients a year, about one-third of which are expectant mothers, providing sonograms, basic x-rays, and lab tests for malaria, viral and bacterial infections.
New investment will support the construction of two additional flagship centers and the refurbishment of existing centers to enable them to offer more advanced Lab Medicine (Histopathology, Cytogenetics, Genetic disorders, Molecular Diagnostics) and Imaging Services (MRI, High resolution CT scans). The project, which will be implemented in phases, eventually aims to serve one million patients annually.
SRL Limited is a part of the well-known Fortis Group. It operates over 270 labs about 6500 collection points across India and beyond.
SRL will operate and manage the centers in Nigeria, and be responsible for planning, organizing, staffing and equipping the centers, and also creating systems and Standard Operating Protocols.
SRL plans to install its proprietary IT solution – “Centralized Lab Information Management System (CLIMS)” to ensure seamless working of each and every segment of the network. GE will be the technology partner for radiology.
Dr. Ayodele Cole Benson, Echo-Scan co-Founder and Managing Director, said, “Working with partners to create Eagle-Eye Echo-Scan will help us fulfill our vision of delivering high quality health services in Nigeria. This new company will provide career development for current staff and greater professional opportunities for Nigerian medical professionals to remain in their home country and work in state-of-the-art facilities, which benefits the entire health system.”
Eme Essien Lore, IFC Country Manager for Nigeria said, “Population growth, rising incomes, and greater incidence of non-communicable diseases such as cancer, heart disease and diabetes are increasing demand for health care in Nigeria, the largest economy in Africa. Pathology and radiology play an important role in the prevention and care of these chronic conditions.”
Sanjeev Vashishta, CEO of SRL Limited said, “We have to reach out to the masses. Diagnostics Services have to be provided to the citizens of the country closer to their homes and there is no reason for anybody to travel hundreds of miles to get quality health and diagnostics services, let alone leave Nigeria for the right tests and healthcare. Project Eagle Eye will endeavor to bring back the talented doctors, scientists, technologists who left the country by providing them with the opportunity to work on the high-end and contemporary technologies right here in Nigeria.”
Farid Fezoua, President and CEO of GE Healthcare Africa said: “At GE Healthcare, we believe that sustainable healthcare development requires a system-wide approach, combining technology, capacity-building, including training, service and maintenance, as well as long-term financing. To that end, this multi-disciplinary partnership between IFC, Echo Scan, SRL and GE aims to expand access to quality and affordable diagnostic imaging in the private sector and complements significant efforts to strengthen Nigeria’s growing health sector.
We look forward to working closely with our partners towards ensuring the long-term success of this venture to enable better outcomes for more Nigerian patients and in setting a new healthcare delivery model throughout Africa.” Good health makes it possible for people to work, study and care for their families, and expanding access to health services is a priority for development. IFC is the world’s largest multilateral investor in private healthcare, with nearly $3 billion worth of health investments in more than 50 countries over the past 15 years. IFC investments in service providers, pharmaceuticals and medical technology are aimed at promoting greater access to affordable, high-quality healthcare in developing countries.
General News
Fearless Freedom Launches to Tackle Inequality and Champion Global Economic Inclusion

Fearless Freedom, a bold new global advocacy initiative focused on ending economic inequality and expanding economic opportunity, officially launches today, 2nd August, 2025.
Backed by the founder of Fearless Fund, the first venture capital fund in the U.S. built by women of color for women of color, this new chapter builds on a legacy of breaking barriers and driving inclusive progress.
The launch of Fearless Freedom comes nearly one year after the dismissal of a federal lawsuit that challenged the organization’s efforts to empower underrepresented communities. The case, which drew national attention, was filed on August 2, 2023, and dismissed permanently on September 11, 2024.
Fearless Freedom is not just an advocacy; it is a global movement for visibility, justice, and financial equity. Through storytelling, policy conversations, and creative programming, Fearless Freedom is reclaiming space, spotlighting the real challenges, and championing the people building powerful solutions.
“Fearless Freedom is our global declaration, a refusal to be silenced, erased, or sidelined,“ said HM Queen Wa Arian Simone, CEO of Fearless Fund. “We’re not just funding change anymore, we’re amplifying the voices that have always driven it. This initiative is about power, presence, and rewriting the rules of who gets seen, supported, and heard.”
“August 2nd was once about legal resistance. From now on, it marks something else: a day of fearless expression and global visibility,” she added.
As a global advocacy initiative, Fearless Freedom will spark meaningful dialogue around economic inclusion, inviting communities to reflect, learn, and speak out against financial inequality, all through creative expression and powerful storytelling.
General News
Nigeria Sends Egusi, Others to Space @ NASA’s Crew-11 Mission Launch

National Space Research and Development Agency (NASRDA) said that Nigeria participated National Aeronautics and Space Administration (NASA’s) Crew-11 Mission, which launched yesterday from the Kennedy Space Center in Cape Canaveral, Florida, the United States.
According to NASRDA, the NASA’s Crew-11 Mission had on board six indigenous Nigerian crop seeds: melon (otherwise Egusi), okra, cowpea, guinea corn (sorghum), amaranth and maize.
NASRDA said that the seeds were chosen for their nutritional and agricultural significance.
NASA is an independent agency of the US federal government responsible for the United States’s civil space program, aeronautics research and space research.
The agency said, “The mission, which features the World Seeds Payload, is a pioneering international agricultural experiment led by Jaguar Space, with contributions from 11 countries, including Nigeria.
“The seeds will be studied aboard the International Space Station, ISS, under microgravity conditions to explore their behaviour, resilience, and potential in future space-based farming, critical research aimed at addressing climate resilience, global food security, and agricultural innovation beyond Earth.
“Representing Nigeria at the launch is Olayinka Fagbemiro, assistant director, nternational Cooperation, NASRDA, and Linkages and project lead on the initiative.
“She oversaw every stage of Nigeria’s participation, from seed selection to logistics and formal international engagement.
“This is our first biological payload aboard a crewed NASA mission to the ISS.
“It not only validates years of local research on plant life in simulated space environments but also underscores NASRDA’s growing role in global scientific collaboration. This mission exemplifies inclusive, culturally grounded space research, and highlights the leadership role that emerging space nations such as Nigeria can play in shaping humanity’s future beyond Earth.”
yond Earth.”
General News
AfDB Approves $46m to Transform Healthcare in Sokoto State

The Board of Directors of the African Development Bank Group (AfDB) has approved a $46 million loan to finance the Sokoto State Health Infrastructure Project, a transformative initiative designed to enhance healthcare access and quality in Nigeria’s Sokoto State.
The project addresses critical health system gaps in Sokoto, where key indicators reflect a critical need for intervention. Only one in 20 children is fully vaccinated, while infant mortality stands at 104 deaths per 1,000 live births, nearly double Nigeria’s national average of 63.
Less than 14 percent of health facilities in the state have functional infrastructure, and there is just one doctor for every 8,285 people — far below the World Health Organization’s recommended ratio of 1:1,000.
The Bank’s financing will support the delivery of climate-smart health infrastructure across three levels of care. These include the construction and equipping of a 1,000-bed teaching hospital complex; three zonal hospitals with a combined capacity of 450 beds; and six primary healthcare canters strategically located to serve rural communities.
The project also includes the rehabilitation of health training institutions and the development of a modern medical warehouse to strengthen pharmaceutical supply chains.
“This investment illustrates our commitment to continue working with the Government to fill critical infrastructure gaps in Nigeria’s health system while building resilient, climate-adapted healthcare facilities,” said Abdul Kamara, director general of the African Development Bank’s Nigeria Office. “By strengthening healthcare infrastructure in Sokoto State, we are building hope and creating pathways to better health outcomes for millions of Nigerians.”
Aligned with Nigeria’s National Development Plan (2021-2025) and the Health Sector Renewal Investment Initiative, the project is expected to generate approximately 2,500 jobs, with 60 percent of opportunities targeting youth and 30 percent women.
In addition, the project will integrate electronic health infrastructure and renewable energy systems, ensuring sustainable, energy-efficient operations while reducing greenhouse gas emissions. Expanded capacity in local the medical and nursing schools will create 700 new training slots annually, helping to address the region’s acute shortage of skilled health professionals.
The initiative builds on the Bank’s successful track record in Nigeria’s health sector, where it has financed four health infrastructure projects totaling $117.68 million. It will leverage strategic partnerships with the United Nations Children’s Fund, the World Health Organization, USAID, and other development actors to maximize impact and ensure comprehensive health system strengthening.
The African Development Bank Group remains committed to enhancing the quality of life for Africa’s people through targeted investments in resilient health infrastructure that drive inclusive growth and sustainable development across the continent.
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