ProHealth stakeholders must be adequately rewarded for investment, Chairman re-assures

By Albert Akota

He said that PPP was not only imperative to close infrastructure gaps but also important for job creation and to boost economic growth both at the state and federal level.

The Board Chairman of the proHealth

HMO

limited

Okonwa has vowed to do everything possible within his reach to ensure stakeholders are rewarded adequately for smooth running of the company as well as meeting its laid down aims and objectives.

,Gabriel

The Chairman who disclosed this yesterday during its 13th annual meeting in Abuja, said he would galvanized all performances center of the company to meet its target.

According to him, the year under review was one of mixed fortunes for the Company; Profit before Tax (PBT) increased from Thirty Million, Four Hundred and Twenty Six Thousand and Fourteen Naira (N30, 426, 014) to Forty Million, One Hundred and Twenty-Five Thousand, Three Hundred and Forty-One Naira (N40, 125, 341), representing a thirtytwo percent (32%) increment. But the Company’s revenue in the area of its core business decreased by one percent (1%) from Nine Hundred and SixtyTwo Million and Five Thousand, Seven Hundred and Ten Naira (N962, 005, 710) to Nine Hundred and Fifty-two Million, Four Hundred and Nineteen

Thousand, One Hundred and Ninety-Two Naira (N952, 419, 192).

He noted that, other sources of income decreased by five percent (5%) from Sixteen Million, Six Hundred and Two Thousand and Twenty-Eight Naira (N16, 602. 028) to Fifteen Million, Seven Hundred and Fifty-Four Thousand, Nine Hundred and Fifty-Two Naira (N15, 754,952).

“The total revenue accruable to the Company reduced from Nine Hundred and SeventyEight Million, Six Hundred and Seven Thousand, Seven Hundred and Thirty-Eight Naira (N978, 607, 738) to

Nine Hundred and Sixty-Eight Million, One Hundred and Seventy-Four Thousand, One Hundred and Forty-Nine Naira (N968, 174, 149), representing a one percent (1%) decrease.”

However, he said there was a marginal increase in the total assets from Nine Hundred and Ninety-Nine Million, Five Hundred and Twenty-Six Thousand, Seven Hundred and Eighty-One Naira (N999, 526, 781) to One Billion and TwentyThree Million, Nine Hundred and Seventy-Three Thousand, Two Hundred and Eighty Naira (N1, 023, 973, 280), representing a two percent (2%) increase.

“PPP is a win-win for all the parties. A win for the government in provision of the projects and facilities, a win for the investor who has invested in the project and a win for his citizen who will use the project.

“At federal government, we are happy to say that under this administration between 2015 to current period about 75 projects has been consummated under President Muhammadu Buhari in Nigeria.

“The net worth is 2.1 trillion Naira investments. That goes to show that PPP is an alternative source of investment at federal government and sub national government.

“They don’t need to have deep pocket in the face of