SOCIOCAPITAL

The inaugural meeting of the Nasarawa State Primary Healthcare Health Systems & Capacity Strengthening Project flagged off by the Executive Secretary of the Nasarawa State Primary Healthcare Development Agency marks a significant milestone in efforts to enhance healthcare infrastructure and capacity in the state. The project is a collaborative effort funded by the Bill and Melinda Gates Foundation and Technical Advice Connect LTD/GTE (TAConnect), with Sociocapital partnering with the Nasarawa State Primary Healthcare Development Agency (NSPHCDA) to catalyze positive change and improve healthcare outcomes for communities across Nasarawa.
Nasarawa State has identified significant challenges in its healthcare infrastructure and capacity, impacting the delivery and quality of healthcare services. There is an urgent need to enhance healthcare management, improve monitoring and evaluation systems, and elevate the overall quality of healthcare services across the state.
The Health Systems & Capacity Strengthening Project aims to address these challenges by implementing a strategic framework to improve healthcare delivery. The project focuses on building healthcare management capacity, enhancing monitoring and evaluation systems, and supporting the provision of high-quality healthcare services.
Tasked with resource mobilization, capacity building program supervision, and knowledge sharing, with an 18-month timeline to deliver tangible results, the expected outcomes would entail improved healthcare management, enhanced monitoring and evaluation and elevated quality of services.
Continued engagement and teamwork are critical to navigating challenges and achieving the project’s objectives, thereby making a lasting impact on Nasarawa’s healthcare sector. Follow us to stay informed on our learnings and progress or visit: https://sociocapital.org/globalhealth to learn more about our work.

The COVID-19 pandemic resulted in an additional 97 million people living in poverty in 2020, causing a setback in the goal of ending poverty by 2030.  Nigeria, among other countries with low human development, has a low Human Development Index (HDI) due to poor social infrastructure, high-income inequality, institutional corruption, and other development challenges.

The pandemic has added further stress to Nigeria’s budget and economy, exerting additional pressure on the low foreign reserves and poor debt profile of the country resulting in a drop in Foreign Direct Investment (FDI) flows. The fall in FDI inflow could lead to financial instability, weaker infrastructure, a drop in the standard of living, and increase unemployment. The Covid-19 pandemic created a crisis where market volatility intensified and the stock market fell. These have had negative impacts on Nigeria’s economic activities and caused increased uncertainty among investors and adjustment of economic anticipation resulting in high prices of goods and services and services.

As countries recover from the COVID-19 outbreak, Nigeria needs to explore innovative financing mechanisms to accelerate growth, development, access to jobs, improve livelihood, as well as improve its HDI. There is a lot to do about how donors, philanthropists, development finance institutions, and governments mobilize funding to address the issues of social needs and increase the inflow of investments in Nigeria, using mission-focused investing that delivers social and financial returns.

The COVID-19 pandemic undoubtedly brought the world to its knees, causing severe economic downturns, job losses, and imposing social restrictions on people. Nigeria, like other nations, had not been spared from the pandemic’s harsh realities, which put a strain on its healthcare system and economy.

Amidst the chaos, the Private Sector Coalition Against COVID-19 (CACOVID) initiative emerged as a shining light of hope, providing much-needed support and relief to vulnerable households and communities and bolstering the healthcare system’s response to the pandemic. The initiative brought together private sector individuals, CEOs, and organizations, backed by prominent Nigerian banks, oil and gas players, and financial investment institutions.

CACOVID’s mandate was clear; to raise funds and provide relief materials to support the Presidential Task Force’s efforts to control the spread of the virus, offer aid to the most vulnerable, and provide the public with critical information on safety measures to adhere to. This coalition’s impact was remarkable as it harnessed resources from various sectors in addressing the pandemic’s impact on the country.

The significance of businesses with clear missions and purposes cannot be overstated, as they can leverage their philanthropic efforts to create social and economic benefits. CACOVID, a private sector initiative that mobilized an all-inclusive collaborative response to the COVID-19 pandemic, is an excellent example of this. With sustained support for such initiatives, Nigeria could potentially experience increased prosperity.