Indian company announces $100m healthcare investment in Nigeria

Padiyath stated that the investments would allow Nigerians to access world-class hospitals at cheap prices.

Padiyath Healthcare, an Indian company, has announced $100 million in planned investments in Nigeria’s healthcare industry.

The group’s chairman, Hazeeb Rahman Padiyath, announced during Indian Prime Minister Narendra Modi’s visit to Nigeria.

Padiyath stated that the investments would allow Nigerians to access world-class hospitals at cheap prices.

He stated that the corporation is planning to commission Padiyath Mayfields Hospitals in Abuja as part of its long-term investment strategy.

The chairman stated that the hospital is a 300-bed tertiary care facility under construction in Suncity Estates, Galadimawa.

“It will be Nigeria’s largest private sector hospital when it is commissioned,” he continued.

He informed Modi that in addition to a cardiac cathlab, 24 super speciality centres of excellence, a 25-bed intensive care unit, an operation theatre in the emergency department itself, and a 3T MRI, the hospital also brings in advanced diagnostic equipment, including a 256-slice CT scanner that will be the first of its kind in western Africa.

According to him, the third floor would house an operating room complex “which can be lifesaving in times of emergency.”

By February 2025, the project will be prepared for unveiling, according to Padiyath.

The investor stated that Padiyath Cancare Hospitals, a 200-bed, top-tier cancer facility, will likewise have its headquarters in Abuja.

“This center will be a full-fledged cancer hospital with equipment like Pet Scan, Linear accelerator & Gamma knife,” Padiyath said.

According to Padiyath, the programs are a component of his plan to offer high-quality, reasonably priced healthcare throughout Africa.

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