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Fidson Boss Urges Healthcare Companies to Embrace Listing

First Bank Nigeria

Fidson Healthcare Plc, Dr. Fidelis Ayebae has joined other stakeholders in the health sector and capital market in urging Healthcare and
Pharmaceutical companies in Nigeria to embrace the idea of listing on the Nigeria Stock Exchange in order to grow their businesses.

Dr. Ayebae made this remark while addressing guests at the Nigerian Stock Exchange CEOs’ Dinner for Health sector held at the Federal Palace Hotel, Lagos. While emphasizing the benefits of companies listing on the NSE, he said Listing is a planned, deliberate and strategic decision companies must make if they must expand their business.

fidson-healthcare-boss.jpgHe went ahead to make a 10-point case, highlighting the benefits of listing on the Exchange. Some of the benefits highlighted by the Fidson boss are
business survival, potential capital growth, brand visibility, wealth creation, ownership diversification, structural sustainability through
corporate governance, Industry rating, free media mention as well as business expansion through investors’ participation. The NSE – CEO Dinner provided a platform for listed companies, prospects, regulators and government to collaborate and determine strategies to stimulate sustainable growth in key sectors of the national economy.

Themed “Tapping the Opportunities in the Capital Markets for the Development of the Health Sector,” the event, which was well attended by Chief Executives of Nigerian pharmaceutical companies, heads of Medical Institutions, doctors and other key players in the health sector, focused on the road-map to improving health services in Nigeria. Minister of Health, Prof. C. O Onyebuchi Chukwu, who was also at the event, delivered an insightful presentation of the role and efforts of government in growing the healthcare and pharmaceutical industry in Nigeria.

Prof. Onyebuchi appealed to private investors to support the government in growing the industry and not leave too much for government to handle. He said there area number of opportunities in the healthcare sector that capital market operators and investors can collaborate on, that will contribute to national development and yield good returns for investors.

He also emphasized the remarkable prospects of the healthcare sector, stating that a growing economy, a large market size as indicated by high demand for healthcare services, as well as incentives such as zero duty on medical equipment and flexible
expatriate personnel quota make room for the enormous potential in the sector.

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