United Bank for Africa has introduced a new healthcare investment platform aimed at attracting diaspora funding for the development of hospitals and medical infrastructure in Nigeria.

The bank unveiled the initiative during the 2026 ANPA Carolinas Symposium held in Charlotte, United States, where Nigerian-American doctors and healthcare professionals gathered for medical and scientific discussions.

According to UBA, the symposium was organised by the South Carolina and North Carolina chapters of the Association of Nigerian Physicians in the Americas and attracted more than 170 healthcare professionals from North America, Africa and the Caribean.

Speaking at the event, UBA’s Head of Diaspora Banking, Anant Rao, encouraged Nigerians living abroad to invest in long-term healthcare projects rather than focusing solely on remittances.

Rao unveiled the ANPA-UBA Diaspora Healthcare Investment Platform, which is expected to support the financing of specialist hospitals, diagnostic centres, telemedicine facilities and medical training institutions across Nigeria.

He said the initiative would provide investment returns for participants while also contributing to improvements in Nigeria’s healthcare sector.

According to him, UBA will function as the custodian and structuring bank for the platform, while United Capital Asset Management will serve as fund manager.

Rao added that the asset management firm currently oversees more than N1.2 trillion in assets.

He also proposed a memorandum of understanding between UBA and the ANPA chapters to strengthen collaboration in areas such as preferred banking services, healthcare infrastructure funding, financial education and wealth management solutions.

Other proposed areas of partnership include family healthcare plans through Avon HMO and co-matching contributions for qualifying impact projects under the Pearl Endowment Fund.

UBA said the initiative forms part of its broader diaspora banking offerings, which include non-resident Nigerian accounts, fixed-income investment products, elder-care trust solutions and private wealth management services.

The bank stated that the platform reflects its commitment to using diaspora capital to support healthcare and infrastructure development across Africa.