Fara Olayanju, presenting our health tech industry report, The State of Health Tech in Nigeria.

The State of Health Tech in Nigeria, a report about the health tech businesses challenging the nation’s healthcare problems, was officially unveiled at TC Townhall: The State of Health Tech in Nigeria. The report takes a look at 75 startups, operating across 12 subsectors, with solutions ranging from diagnostics to telemedicine, the amount of capital raised in the sector, and opportunities available in the space.

The event was presented by Dr. Fara Olayanju and Dr. Wale Adeosun, who are both health management consultants. Olayanju started by describing the poor condition of Nigeria’s healthcare system using two examples, Sola, a child born in Nigeria, and Tommy, a child born in the West, to highlight the disparity in child mortality and care. Adeosun reinforced Olayanju’s introduction by sharing Nigeria’s maternal mortality rate, which is more than 800 deaths per 100,000 live births.

Fara Olayanju and Wale Adeosun presenting The State of Health Tech in Nigeria to the audience.

Olayanju then proceeded to mention that Nigerian health tech startups have raised a little under $8 million dollars within the last 15 years that the sector has existed. After that, she listed the 12 subsectors that were identified in TechCabal’s health tech report. Next, Adeosun took over to show the audience a launch timeline of the 75 health tech startups in addition to the 14 that are no longer operating. The duo further spoke about the professional backgrounds of founders, the location of startups across Nigeria, the type of capital startups have received, investors and the top 10 funded startups.

The doctors concluded their presentation with information regarding the regulatory environment of health tech in Nigeria, challenges and opportunities in the sector and recommendations for entrepreneurs.

Get the State of Health Tech in Nigeria here.

Here’s the video of the full presentation:
https://www.youtube.com/watch?v=eT3oSp5dOA4&feature=youtu.be

Read this next
Features, people, Social Media
2nd May 2019

Nongovernmental organisations championing human rights in various parts of the globe are looking to technology and innovation to increase the scope and impact of their activities in areas where these NGOs are present.

More From TC

In a forlorn tone laced with resignation, the CEO of a formerly thriving Value Added Services (VAS) provider in Nigeria’s telecommunications sector recounted how regulations of the Nigerian Communications Commission (NCC) sank his business.

Microlending platform FairMoney offers small loans of between N1,500 – N150,000 to Nigerian with maturities of 1-3 months. To determine who is fit to receive a loan or not, an algorithm allows the company evaluate an individual’s creditworthiness using two parameters: financial data and alternative data. With financial data, the algorithm evaluates the ability of […]

VAT and new processing fees, what is really going on in Nigeria?
Business, FinTech, Government, Internet, News, Politics
20th September 2019

The news cycle in Nigeria has been dominated lately by several regulations introduced by varying financial institutions. First, the Federal Inland Revenue Service (FIRS) announced a new 5% Value Added Tax (VAT) on all online transactions from January 2020. Then the federal government unveiled plans to increase the VAT paid on all goods services to […]

Business, Developers, Entrepreneurship, Funding
17th September 2019

Andela, the Africa-focused tech accelerator, is laying off more than 400 employees across three countries as the company changes its business model away from developer training. The company told TechCabal it is laying off 250 junior developers from Nigeria and Uganda and about 170 others in Kenya. CEO Jeremy Johnson said the company will now […]


TechCabal is a Big Cabal Media brand



Copyright © 2019
All rights reserved

Privacy & Terms