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Oyo To Launch #50billion Healthcare Endowment Fund, Unveils 2billion Dollar Medical Equipments

In its effort to transform the healthcare sector in Oyo State, the State government had perfected plans to launch a #50billion health endowment fund.

This was announced today by the State Commissioner for Health, Dr. Azeez Adeduntan while briefing the media after the State’s Executive Council meeting which was chaired by the State governor, Senator Abiola Ajimobi.

Adeduntan said the endowment fund approach was overwhelmingly approved of by the State executive council with the realization that government alone could not fund the healthcare sector without assistance from the private and corporate bodies.

He said it necessary to to stem untimely deaths caused by inadequate medical facilities as well as availability of drugs, adding that the endowment fund would help overhaul the health sector.

“For the sake of the need for a wholesome transformation of the health sector, the State executive council today approved the launch of #50billion endowment fund for the overhaul of the sector.

“We must do all within our capacity to provide the needed facilities to curb untimely deaths occasioned by unavailability of the needed drugs and hospital equipments, the fund will take care of these problems that majorly were caused by poor funding due to lack of financial capacity by the government.”

He later informed journalists that the government took delivery of a two million dollar worth of medical equipments the prior day which would serve the State Hospital, Ade-Oyo at its Cardiovascular Center.

The Commissioner said the equipments that just came from abroad were to be used in combating illnesses that that have resulted in many deaths of common people who could not travel abroad for medical attention.

He said the present administration was prepared, despite the economic realities to always look for alternative means of catering for the well-being of the people of the State.

“The equipments arrived Ibadan yesterday at the State Hospital, Ring-Road where it will be available for the benefit of the people who visit the cardiovascular center.

“All these efforts are geared towards making affordable healthcare be available for the people of Oyo State as enshrined in the campaign promises of the State Governor.”