NSIA’s Healthcare journey from vision to measurable impact – transforming healthcare in Nigeria
At the Nigeria Sovereign Investment Authority (“NSIA” or “the Authority”), the mandate to deploy patient capital is anchored in a clear objective: to invest in sectors capable of delivering both long-term commercial returns and measurable national impact. Few sectors embody this dual imperative more clearly than healthcare. NSIA’s entry into healthcare was therefore guided by […] The post NSIA’s…
The Nigerian government has welcomed Moody’s Ratings’ decision to change Nigeria’s outlook from stable to positive. This change, while maintaining the country’s long-term foreign- and local-currency ratings at B3, indicates that Moody’s believes Nigeria’s current credit rating does not deteriorate and sees conditions that could support an upgrade if economic reforms continue to deliver results.
The Minister of Finance, Taiwo Oyedele, highlighted that the decision reflects the impact of the reforms implemented by the federal government over the past three years, including removing a costly fuel subsidy, unifying the exchange rate, and implementing tax reforms. These reforms have strengthened Nigeria's external position, leading to larger current account surpluses, rising foreign exchange reserves, and a more effective monetary policy framework.
An improved credit rating could potentially reduce the cost of accessing international financing and strengthen investor confidence.
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