The Boston Consulting Group and the World Economic Forum agreed to develop a healthcare strategy for Nigeria. The partners will set up a health system project, piloted in Ogun, Lagos and Bayelsa states, through which they will strategize on the finances and logistics for primary healthcare in the country.
Consulting firm The Boston Consulting Group (BCG) and the World Economic Forum (WEF) partnered up to strategize on comparative finance and logistics for primary healthcare in Nigeria. The consulting firm, which has three offices in Africa*, is a partner of several local private and public organisations and governments and knowledge partner of the WEF. As part of the health system leapfrogging project, BCG will start a pilot project in the Ogun, Lagos and Bayelsa states and will work together with leading private organisations on comparative finance and logistics in the identified states.
According to the partners, the primary healthcare’s initiative will boost Nigeria’s healthcare delivery. The project will focus on the exploration of e-healthcare administration and service delivery, concession of public facilities to private operators, seed-funding for insurance premium, sourcing of medical products and equipment, the provision of renewable energy for healthcare facilities, and the introduction of drug-testing technology.
Under the arrangement, BCG and WEF will investigate how the public and private sector can collaborate on primary healthcare interventions. Emre Ozcan, Project Leader at The Boston Consulting Group, explains: “The outcome is to better finance health system for people’s satisfaction. Our primary objective here is to design a package of initiatives that could be critically established to improve the health system in Nigeria and Ogun state. We are also trying to encourage match-making to understand which private sector and public investors that can help this initiative in terms of resources, expertise, coordination of health programme and management, especially in the country like Nigeria where private sector is very vibrant and looking for a lot of opportunities, may be in terms of CSR or Business development to work with government.”
The African continent is currently undergoing a period of rapid growth. A recent analysis from EY revealed that the economy has more than tripled in 13 years, and is expected to continue its strong growth in the coming period.
On the back of the economic growth the African continent is increasingly catching the attention of consulting firms. The African consulting market has grown from $1.28 billion in 2011 to $1.48 billion last year, with in particular the Nigerian market booming. To capitalise on the growth, consultants are expanding their local footprint – for example recently McKinsey & Company opened its seventh office in Africa, based in Nairobi, meanwhile PwC announced it plans to double its African workforce.
* Johannusburg (South Afica), Casablanca (Moroco) and Luanda (Angola).