Business
UBA Champions Diaspora Healthcare Investment at ANPA America Symposium
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its commitment to strengthening diaspora engagement, advancing healthcare development in Nigeria through the introduction of its healthcare investment proposition to the Nigerian-American medical community at the 2026 ANPA Carolinas Symposium held in Charlotte, North Carolina.
The ANPA Carolinas Symposium, hosted annually by the South Carolina and North Carolina Chapters of the Association of Nigerian Physicians in the Americas (ANPA), convenes over 170 physicians and healthcare professionals for medical and scientific dialogue on issues impacting communities across North America, the Caribbean, and Africa, particularly among people of Nigerian descent.
Speaking at the event, UBA’s Head of Diaspora Banking, Anant Rao, made a compelling case for structured diaspora participation in Nigeria’s healthcare transformation, encouraging attendees to expand their contribution beyond remittances toward long-term institution-building.
“The financial infrastructure required to connect your success abroad to sustainable institutional impact at home has not been intentionally designed for diaspora healthcare investors until now,” Rao said.
During his presentation, Rao introduced the ANPA–UBA Diaspora Healthcare Investment Platform — a professionally managed investment vehicle designed to channel diaspora capital into specialist hospitals, diagnostic centres, telemedicine infrastructure, and medical training institutions across Nigeria.
“Every dollar invested delivers a dual return — creating value for investors while contributing meaningfully to Nigeria’s healthcare future. We now have the regulatory framework, banking infrastructure, governance structures, and institutional commitment to make this possible,” he added.
Under the proposed structure, UBA will serve as custodian and structuring bank, while United Capital Asset Management, one of Nigeria’s leading asset managers with over ₦1.2 trillion in assets under management, will act as fund manager.
As part of deepening engagement with the Nigerian-American medical community, Rao also proposed a Memorandum of Understanding (MoU) between UBA and the two ANPA chapters. The proposed collaboration is anchored on six strategic pillars: preferred banking offerings for ANPA members; quarterly financial education sessions; the joint Healthcare Infrastructure Fund; a dedicated ANPA Wealth and Legacy Desk; access to group-rate family healthcare plans through Avon HMO; and a UBA co-matching contribution framework to support qualifying impact vehicles under the Pearl Endowment Fund.
The initiative represents a further expansion of UBA’s diaspora value proposition, which currently includes Non-Resident Nigerian (NRN) accounts in multiple currencies, fixed-income and dollar-denominated investment solutions through United Capital, elder-care trust solutions under the Homeland Anchor Care Trust programme in partnership with Avon HMO, and private wealth management offerings tailored to senior diaspora professionals.
The 2026 ANPA Carolinas Symposium marks another milestone in UBA’s strategic engagement with the diaspora community and reinforces the Bank’s long-held belief that diaspora capital can play a transformative role in accelerating healthcare and infrastructure development across Africa.
The post UBA Champions Diaspora Healthcare Investment at ANPA America Symposium appeared first on Business Today NG.
President Bola Tinubu has said 21 shared facilities established across 19 states and the Federal Capital Territory are supporting businesses and an estimated 650,000 jobs.
The facilities, established under the Federal Government’s National MSME Clinics initiative, provide entrepreneurs with access to equipment, electricity and production infrastructure without requiring them to bear the full cost of setting up such facilities themselves.
President Tinubu disclosed this in a statement on Monday while highlighting the government’s efforts to address infrastructure and equipment challenges facing micro, small and medium enterprises (MSMEs).
According to the President, many small businesses have the skills and ideas to expand but struggle to access the equipment and infrastructure needed to increase production.
He said the shared MSME hubs were designed to reduce some of those barriers by allowing entrepreneurs to use modern production facilities without making large upfront investments.
He cited tailors and food processors as examples of businesses that could benefit from the model.
“A tailor should not need millions of naira to buy industrial machinery before she can grow her business. A food processor should not have to build a factory before producing at scale,” he said.
The President said access to shared facilities could allow businesses to increase production while reducing their operating costs.
“When small businesses can produce more, at lower cost, they become more competitive. They grow. They employ more people. They create income and opportunity for Nigerian families.”
MSME support
The initiative comes as the Federal Government expands programmes aimed at improving access to finance, equipment, skills and markets for small businesses.
READ ALSO: Sowore’s AAC sues Tinubu, others over failure to transfer power to Shettima
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), which implements several government MSME support programmes, has previously identified access to finance, infrastructure and markets among the challenges confronting small businesses.
The government has also introduced other interventions aimed at improving access to credit. These include the National Credit Guarantee Company (NCGC), which provides guarantees to encourage financial institutions to lend to businesses and other eligible borrowers.
President Tinubu noted that the government’s approach was focused on removing barriers that prevent entrepreneurs from turning their skills and ideas into sustainable businesses.
“Our job is to remove those barriers,” he said.
He added that strengthening small businesses would help create employment, increase household incomes and expand economic activity.
“Giving Nigerian enterprise the tools to succeed is how we build prosperity from the ground up,” President Tinubu said.
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