Foundation gives large sum to help healthcare in Nigeria
May 10, 2013
As Americans, we sometimes take our healthcare system for granted. Especially considering the changes that have occurred in recent years under the Obama Administration, nearly everyone in this country has access to affordable healthcare. That cannot be said elsewhere, though, and numerous foundations have pledged to make sure individuals in third world countries are healthy as well.
According to The Eagle Online, The Bill and Melinda Gates Foundation recently paired up with the United Kingdom Department for International Development and the International Finance Corporation to invest $60 million in Nigeria's healthcare sector. The funds will be put toward technological expansion and interventions within lower classes.
"There is a big health market in Nigeria that is untapped, leveraging on this through private providers would improve access to the poor," World Bank lead health sector specialist Khama Rogo said in a statement. Rogo added that this project is on track to help 1 million Nigerians below the poverty line over the next five years.
The Gates Foundation has a long history of helping out in the medical industry. In 2006, administrators revamped the organization's priorities altogether, pledging to focus more on global health, as well as development around the world and work in the United States.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.