Famfa Oil commissions world-class hospital to bridge Nigeria health funding gap
Famfa Oil has commissioned a world-class hospital in Osun State as part of a strategic effort to address Nigeria’s long-standing healthcare funding gap and reduce the heavy reliance on medical treatment abroad. The facility, known as the Modupe and Folorunso Alakija Medical Research and Training Hospital, was opened in Osogbo on December 15, 2025, aiming to curb the ongoing flight of patients and capital to foreign medical centres.
Nigeria has faced a persistent health financing crisis, with many patients travelling overseas for specialised care in countries like India, Europe and the Middle East. This trend has drained billions of dollars in foreign exchange and left local hospitals struggling with understaffing, outdated equipment and insufficient infrastructure. Experts say that billions are lost annually to medical tourism, and this new investment seeks to reverse that pattern by retaining healthcare spending within the country.
The 250-bed facility is equipped with 20 clinical departments and advanced diagnostic and treatment technologies designed to handle complex cases including cardiology, oncology, neurology, orthopaedics and specialist surgery — services that often force Nigerians to seek care abroad at great personal and national cost. The hospital also boasts MRI and CT scan suites, modern operating theatres and intensive care units, positioning it among the most sophisticated medical centres in West Africa.
Beyond treatment, the hospital also serves as a research and training hub to help retain Nigerian doctors within the country and reduce the ongoing “brain drain” of skilled medical professionals leaving for opportunities overseas. With the new facility anchored to Osun State University, health experts hope it will bolster domestic capacity in both advanced clinical care and medical education.
Commissioners, health sector stakeholders and former Vice President Yemi Osinbajo have praised the intervention as more than philanthropy, framing it as a critical foundation for sustainable healthcare development in Nigeria. They argue that private sector leadership like this is essential given the limited public funding for health and the urgent need to build capacity that keeps both patients and capital at home.
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