Posted By: | December 01, 2020 |

Transformations: Impact Investment Potentials For Private Equity In Nigeria's Healthcare Industry

The Investment Thesis: Nigeria's grundnorm - the Constitution of the Federal Republic of Nigeria 1999 (as amended) made public healthcare provision non- justiciable under Chapter II - Fundamental Objectives and Directive Principles of State Policy. Thus, citizens lack the legal capacity to compel any of the three tiers of Nigeria's government: Federal, State and Local - to live up to constitutional commitments in sections 14(2)(b), and 17(3)(c)(d) 1999 Constitution. These provisions obligates the government to safeguard citizens' security and welfare, and ensure that there are adequate medical and health facilities for all persons. Due to their aforementioned non-justiciability, any enforcement action must be founded on another constitutional provision, which gives right to remedy, such as breach of fundamental human rights under Chapter IV.


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