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            Home » Medical Tourism: Nigeria to save over $1.1bn from Afreximbank’s AMCE Project
            Business

            Medical Tourism: Nigeria to save over $1.1bn from Afreximbank’s AMCE Project

            Prompt NewsBy Prompt NewsFebruary 12, 2025Updated:February 12, 2025No Comments4 Mins Read
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            Prof-Benedict-Oramah
            Afreximbank President Benedict Oramah
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            By Tony Obiechina Abuja

            The Africa Medical Centre of Excellence (AMCE), a state-of-the-art healthcare facility spearheaded by the African Export-Import Bank (Afreximbank) in collaboration with King’s College Hospital, London, is set to transform Nigeria’s healthcare sector by reducing outbound medical tourism, retaining over $1.1bn annually within the country.

            The facility which is slated for launch in June 2025, will provide world-class medical services in oncology, haematology, cardiovascular care, and general healthcare, offering high-quality treatment to over 350,000 patients within its first five years.

            During a stakeholder and media tour, a delegation led by Afreximbank President and AMCE Board Chairman, Prof. Benedict Oramah, alongside top government officials, corporate executives, and industry leaders, assessed the project’s rapid progress.

            The delegation which included the Deputy Senate President Senator Barau Jibrin and Secretary to the Government of the Federation Senator George Akume, toured the construction site and received updates on key milestones, including the completion of civil and structural works, infrastructure services, and advanced medical technology installations.

            Oramah emphasized that AMCE represents a groundbreaking investment in Africa’s self-sufficiency in healthcare. He highlighted that beyond reducing capital flight from medical tourism, the facility will create 3,000 jobs, boost intra-African trade in medical services, and strengthen pharmaceutical supply chains.

            “The Africa Medical Centre of Excellence (AMCE) represents a defining moment in Africa’s pursuit of self-sufficiency in healthcare. For too long, our continent has borne the heavy burden of non-communicable diseases, capital flight from medical tourism, and the exodus of skilled professionals seeking opportunities abroad. AMCE is set to change that narrative.

            “By delivering world-class, lifesaving care to over 350,000 patients within its first five years, this facility will ensure that quality healthcare is no longer a privilege reserved for those who can afford to travel overseas.

            “It will create 3,000 jobs, stimulate Intra-African trade in medical services, and strengthen critical supply chains in pharmaceuticals and healthcare delivery. Most importantly, it will help Nigeria retain the over $1.1bn lost annually to outbound medical tourism, redirecting those resources towards strengthening our own systems,” he said. He further stated the initiative is more than an investment in infrastructure—it is an investment in Africa’s future.

            “Through strategic partnerships with governments, international stakeholders, and the private sector, we are demonstrating that Africa has both the ambition and the capability to provide world-class healthcare for its people. The AMCE is not just a medical facility; it is a statement of intent, a symbol of progress, and a beacon of hope for a healthier, more self-reliant continent,” he said.

            Speaking at the event, Chief Executive Officer of AMCE, Brian Deaver, highlighted the hospital’s impact: “The Africa Medical Centre of Excellence is not just a hospital—it is a bold step toward reshaping the future of specialised healthcare in Africa. By integrating cutting-edge medical technologies, pioneering research, and world-class training, AMCE is creating a sustainable healthcare ecosystem that will set new standards for medical excellence across the continent.

            “This facility is more than a response to Africa’s healthcare challenges—it is a proactive investment in the well-being of millions. From early diagnostics to advanced treatment and long-term disease management, AMCE will provide a seamless continuum of care that improves patient outcomes, strengthens medical expertise, and retains talent that might otherwise seek opportunities abroad.

            “As we move closer to our launch, our focus remains unwavering: building a centre of excellence that not only delivers life-saving care but also drives economic growth, supports local innovation, and reinforces Nigeria’s position as a leading destination for specialised medical treatment. Through strategic partnerships and state-of-the-art infrastructure, we are not just treating diseases—we are transforming healthcare delivery for generations to come.”

            Deputy Senate President, Senator Barau Jibrin said the Africa Medical Centre of Excellence represents a transformative leap for healthcare in Nigeria and across the continent.

            “Witnessing the rapid progress of this project reaffirms our commitment to fostering world-class medical infrastructure that will provide accessible and high-quality care for all. The Government of Nigeria remains dedicated to supporting initiatives that strengthen our healthcare system and enhance the well-being of our people,” he said.

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            Secretary to the Government of the Federation, Senator George Akume said the healthcare is the backbone of national development, and the Africa Medical Centre of Excellence is a shining example of what strategic investment and collaboration can achieve.

            “This project will not only position Nigeria as a hub for cutting-edge medical services but also create jobs and drive innovation in the sector. The government is proud to support such a visionary initiative that will serve generations to come,” he added.

            Afreximbank AMCE Medical tourism
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