What do you think?
Friday, 10 June 2011
Nigerian banks throwing money at medical practices
We are not quite sure whether we should be celebrating a new trend we have noticed emerging in Nigeria or not. In many Nigerian newspapers there are financial products targeted at medical institutions. At the typical interest rates of over 20% per annum for borrowing in Nigeria , we wonder how the operations of a typical medical institution will lend itself to these products. Also with the reputation of our banking sector, it is impossible to say if this innovation in our banking sector is a good thing for our health sector or the beginning of the monster that has consumed many others.