Nigeria's Cancer Fight Gets $154m Injection from NSIA and IFC



 The Nigeria Sovereign Investment Authority (NSIA) and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a landmark $154.1 million financing agreement to expand access to quality cancer diagnosis and treatment across Nigeria. The deal, finalized in Abuja on February 3, 2026, targets underserved communities by funding the development and expansion of modern oncology centers nationwide.

IFC's Contribution: Approximately $24.5 million (equivalent to about N14.2 billion) in long-tenor local currency financing. This marks IFC's first major healthcare project financing in Nigeria using naira-based support, backed by the International Development Association (IDA).

This collaboration builds on NSIA's ongoing efforts in healthcare infrastructure, including previous investments in cancer centers (e.g., the NSIA-LUTH Cancer Centre) and diagnostic facilities. It aligns with Nigeria's broader push to address the rising burden of cancer through better infrastructure, as cancer remains a major health challenge with limited access to specialized care in many regions.

The partnership is seen as a significant step toward reducing out-of-pocket expenses for patients and strengthening the national cancer control framework.

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