Business A.M
No Result
View All Result
Thursday, February 19, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Nigeria Frontier Markets

ASR Africa Initiative flags-off construction of Akwa Ibom varsity’s teaching hospital

by Admin
January 21, 2026
in Nigeria Frontier Markets

 

…disburses N2.5bn of N5bn grant to construct project

…Earmarks $100m for Nigeria, Africa fund for health, education social devt & renewal

 

 

Ben Eguzozie, in Port Harcourt

 

The Abdul Samad Rabiu Africa Initiative (ASR-AI), in collaboration with the Akwa Ibom State Government, held the groundbreaking and flagged off construction of the Akwa Ibom State University Teaching Hospital in the state.

 

Construction of the Akwa Ibom State University Teaching (AKSUTH) is being supported by a N5 billion ASR Africa Health Infrastructure Grant for which N2.5 billion was disbursed immediately to commence construction of the project.

 

The ASR Africa Initiative was established by African industrialist, philanthropist and founder of Nigeria’s BUA Group, Abdul Samad Rabiu, and seeks to support sustainable development initiatives in Health, Education and Social Development within Nigeria and the rest of Africa through its annual $100 million ‘Africa Fund for Social Development and Renewal’.

 

Governor Udom Emmanuel of Akwa Ibom, lauded the ASR Africa Initiative and its chairman, Abdul Samad Rabiu for the gesture; and promised to ensure the grant is put to good use. “We are happy to receive the first tranche of N2.5 billion from the ASR Africa Initiative; and today’s groundbreaking ceremony coming just two weeks after the N5 billion grant was announced, signposts the seriousness we attach to delivering a teaching hospital that would be a model for others, and one Nigeria would be proud of,” the governor said.

 

Ubon Udoh, Managing Director of ASR Africa, speaking at the AKSUTH groundbreaking ceremony, stated that the purpose of the gesture was to align with the government’s developmental plans for the people of the state.

 

“We earlier in the month announced a N5 billion grant to the state for healthcare and social development as part of our annual $100 million annual Africa Fund for Social Development and Renewal. Today, we have also handed over a first tranche of N2.5 billion to commence construction of the Teaching Hospital, which will be of international standards. This project, in collaboration with the Akwa Ibom State Government, will be implemented and monitored fully in line with the ASR Africa Mutual Accountability Framework,” Udoh said.

 

Aliyu Idi Hong, representing the founder of ASR Africa Initiative, Abdul Samad Rabiu, said: “We have been across the length of the state, and we have seen the different developmental projects done by the state government in primary and secondary healthcare, especially in the areas of infrastructure, a referral system, health, education and human capacity development. What the ASR Africa initiative is simply doing, is filling in the gaps and joining the government in delivering comprehensive healthcare to the people. We believe that this hospital will go a long way in boosting the healthcare system of the state, whilst encouraging research and training a new generation of healthcare practitioners,” he said.

 

The Abdul Samad Rabiu Africa Initiative seeks to support sustainable development initiatives in the Health, Education and Social Development within Nigeria and the rest of Africa, every year.

Admin
Admin
Previous Post

Lumos Nigeria, solar home provider, wins 2021 Sabre award

Next Post

Afreximbank shows strong growth in Q1 2021

Next Post

Afreximbank shows strong growth in Q1 2021

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026
BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026
Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

February 18, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026
BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M