Business A.M
No Result
View All Result
Saturday, March 7, 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 Imo

Imo State concessions over 27 hospitals after spending N30bn to build,  renovate them

by Admin
May 22, 2019
in Imo, National: Governance, Policy & Politics

By Dikachi Franklin, in Owerri

What may be seen as world class hospitals by structures only, built by the out-going government led by Governor Rochas Okorocha of Imo State have been leased to private bodies under private public partnership (PPA).

The 27 new hospitals built by the out-going government and the renovated ones, which were in existence before Governor Okorocha was elected in 2011 gulped N30 billion it has now emerged.

The hospitals include Ogwa General Hospital, leased to the Anglican Diocese, Owerri, where Bishop Chukwuma Opara signed on behalf of the Diocese and Mark Uchendu, Secretary to the Government of Imo (SGI) signed on behalf of the government.

Ehime Mbano General Hospital was handed over to the Anglican Diocese of Okigwe South for a period of 25 years with a moratorium of N100, 000, which would be paid to Imo Government each month for the period of 25 years.

The Isu General Hospital in Isu local government area was taken over by the Catholic Claretian for a period of 99 years and Rev. Father Wence Madu, the Rector of Imo State Polytechnic at Umuagwu in Ohaji Egbema LGA signed on behalf of the Catholic Claretian.

The Ohaji Egbema General Hospital was handed over to the Lord’s Chosen Church for 99 years and the State owns 10 percent of any profit to be made. The hospital will serve as a centre for the Chosen University medical students, and its Pastor, Lazarus Muokah, signed.

Governor Rochas Okorocha disclosed this at the government house, during the signing of documents and memorandum of Understanding (MOU) in respect of the PPP, projects.

Okorocha went further to say the Orlu General Hospital was given to Orlu United Medical for 25 years with 18 years moratorium under PPP.

The Imo Foundation facility was taken by the global Vision, a firm engaged in the management of hospitals and health facilities, while one hospital each was handed over to the Nigerian Army, Nigerian Air Force, Nigerian Navy and the Nigeria Police Force.

The PPP which has been actualized was planned for over the past five years ago, according to Okorocha, saying, that government thought it wise to do so because PPP is the best way to go as people see government’s property as belonging to no one.

“The PPP arrangement is the best way to go and you make the best use of them, the government provided the infrastructure and allowed the private sector to run them,” he said.

“Nothing has ever worked well in the hands of government, this is why I allowed PPP arrangement, NEPA, NITEL, Nigerian Airways etc all failed because they were wholly owned by government,” he added.

“Remember, this is not a sale of Imo state government property but for a lease for the purpose of development,” said the out-going governor.

Admin
Admin
Previous Post

Excess Oil Revenue: CBN warns govt against ‘spending spree’

Next Post

China’s looming current account deficit will have consequences for us all, says deVere’s investment strategist

Next Post

China's looming current account deficit will have consequences for us all, says deVere's investment strategist

  • 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

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

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

Nigeria’s credit gap faces new challenger as CBN licenses Apices Finance Company

30 banks clear new capital hurdle under CBN recapitalisation drive

March 7, 2026
Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 2026
Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026
inDrive retains top download ranking amid expansion into African mobility markets

inDrive rolls out Ramadan Shukran driver appreciation campaign in Abuja

March 6, 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
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

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

    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
  • Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

    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

Nigeria’s credit gap faces new challenger as CBN licenses Apices Finance Company

30 banks clear new capital hurdle under CBN recapitalisation drive

March 7, 2026
Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 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