First Nigeria-China Health and Medical Cooperation Summit

1. Conference Background

Nigeria is the largest economy in Africa, with an actual GDP of $432.3 billion by the end of 2020. —Nigeria's healthcare market is valued at $5.5-6 billion, yet it faces severe supply shortages. The country relies heavily on imported medical equipment, with approximately 99% of its medical devices procured from overseas. Domestic production is extremely limited, currently focused primarily on syringes.

Currently, the Nigerian government is promoting the construction of GMP production bases and encouraging foreign investment in medical infrastructure. As a core member of the Economic Community of West African States (ECOWAS), its market can radiate to regional markets. Therefore, this summit, personally chaired by the Nigerian Minister of Health and hosted by the Nigerian Embassy in China, is jointly organized by AFKMED and VCBeat. It aims to build a market bridge for the medical and health industry between China and Nigeria, accelerating market interaction and exchange between the two countries.

2.Value and Investment Opportunities

At this conference, the Nigerian Ministry of Health provided on-site interpretation of the market and policies, welcoming Chinese companies to seize the $6 billion incremental market and prioritize participation in Nigeria's medical equipment procurement tenders. Gain in-depth understanding of investment opportunities in the Nigerian market, including but not limited to:

Energy Gap: Powering radio diagnostic equipment requires a stable power supply, which is currently not the case in Nigeria. Addressing this need by investing in environmentally friendly alternative energy solutions would significantly help tackle this challenge and potentially yield a substantial return on investment (ROI).

Picture Archiving and Communication System (PACS): Most radiological diagnostic images are improperly preserved, leading to the loss of critical patient information. Investment in electronic data storage solutions will bridge this gap, create value for service providers, and ensure good return on investment for potential investors.

There is a significant investment opportunity in the field of equipment maintenance and biomedical engineering training. Currently, Nigeria has only about 1.4 biomedical engineers per million people. By collaborating with universities or establishing training institutions, and adopting models where trainees self-fund or receive government support, it is possible to effectively address current challenges while injecting new momentum into the industry's development.

The conference will concurrently feature one main forum and multiple seminars on specialized themes; it will bring together a top-tier lineup of guests, including Nobel laureates, academicians, scientists, and other experts, clinical specialists, business leaders, innovative technology companies, and investors, gathering outstanding talents and professionals from all sectors of the healthcare industry; it aims to create the most advanced window for China-Nigeria healthcare cooperation, establish a collaborative platform integrating government, industry, academia, research, and capital, open resources and partnerships, and jointly build a more dynamic innovation ecosystem for the China-Nigeria healthcare industry.

3.Agenda

09:00 - 09:05

Speech by Leader: Officials from the Nigerian Ministry of Health

09:05 - 09:10

Speech by Leader: Officials from the International Exchange and Cooperation Center of the National Health Commission

09:10 - 09:15

Speech by Leader: China Center for Disease Control and Prevention

09:15 - 09:35

Keynote Speech by Officials from the Nigerian Ministry of Health

09:35 - 09:55

Keynote Speech by Gao Fu, Academician of the Chinese Academy of Sciences

09:55 - 10:00

Ceremony: Donation Ceremony for Nigeria-China Primary Healthcare Service Institutions

10:15 - 10:20

Ceremony: Launching Ceremony of the First Nigeria-China Health and Medical Industry Cooperation Summit

10:20 - 10:40

Company Sharing: Experience Sharing from China's "Cataract Blindness Elimination Project" in Africa

10:40 - 11:00

Company Sharing: The "Starlink" System Builds a More Resilient New Tiered Diagnosis and Treatment Healthcare Ecosystem

11:00 - 11:20

Company Sharing: Digital Empowerment, Health Perception, and the Integration of Medical and Preventive Medicine to Build a Grassroots Health Network

11:20 - 11:40

Company Sharing: China's Experience in Online Chronic Disease Management

11:40 - 12:00

Company Sharing: The Rise of Active Health Management: AI Health Management Assistants

14:00 - 16:00

Seminar: Equipment Upgrades in the Construction of Primary Healthcare Service Institutions

14:00 - 16:00

Seminar: Screening and Treatment of Key Infectious Diseases, Such as HIV and Tuberculosis

4.Organization

Organizer: Embassy of Nigeria in China

Sponsors: AFKMED, VCBeat

Partners: CEIBS, Shenzhen Philanthropy Institute

Supporting Organization: To be determined

Supporting Media: VCBeat