₦airaland Forum

Today, I commissioned the Iwosan Lagoon Hospital, Victoria Island alongside the Chairman, Mr. Fola Adeola, his wife, Mrs. Hajara Adeola, Mrs Toyin Saraki and others.

The Iwosan Lagoon Hospital is a state of the art establishment whose services include procedures like open heart surgery, bariatric surgery, urology and many more.

I congratulate the management and staff of the hospital for a successful inauguration.

As a government, we are dedicated to creating an environment that fosters the growth of private enterprise in Lagos.

Our ongoing commitment involves introducing policies aimed at increasing private investment in healthcare. We firmly believe that involving the private sector in the healthcare industry is crucial for ensuring access to high-quality medical care for our citizens.

Governor of Lagos State, Mr @jidesanwoolu today commissioned the Iwosan Lagoon Hospital, Ligali Ayorinde street, Victoria Island Lagos.

The Iwosan Lagoon Hospital is State of the art Hospital that are into general services including major procedures like; Open Heart Surgery, Bariatrics Surgery, Urology, Neurology, Critical Emergency Care and many more.

@LagoonHospitals @ToyinSaraki @tfolaadeola

At the Commissioning of the Iwosan Lagoon @LagoonHospitals today,
Their team explained to us some major procedures that can be done in their facility. They mentioned the Open Heart Surgery and about 4 major ones that people normally travel out for.

Lagos is witnessing significant medical tourism from the UK, US, and Canada. One of my Ogas said that a lot of his elective surgeries were booked by people who opted out of the long waiting list in Canada and the UK while cost is the major driving factor for the US. 30 - 50% cheaper in Nigeria ( exchange rate factor )

It's time for us to build concierge businesses around this.

- Shortlet medical accommodation for recovery
- Home care / Ambulatory Nursing
- Transportation system
- Nutrition and feeding support at home
- Care Assistants

Have your eyes and ears on the ground if you are in the medical space in Lagos.

NEWS: IWOSAN Investments Limited (co-founder & Chair, Mr. Fola Adeola; co-founder & CEO, Mrs. Fola Laoye) has announced the acquisition of the Lagoon Hospitals Group.

Lagoon now rebranding as “IWOSAN Lagoon Hospitals.”

(IWOSAN = Yoruba word meaning healing/to heal)

Fola Adeola

Tajudeen Afolabi Adeola is a Nigerian businessman and investor. He is the Founder of Guaranty Trust Bank (GTBank Plc.)., a member of the Commission for Africa, as well as founder and chairman of the FATE Foundation.

Education

Adeola completed his secondary school education at Methodist Boys High School, Lagos. He obtained a Diploma in Accounting from Yaba College of Technology in 1975 and became a Chartered Accountant in 1980 following his training with Deloitte, Haskins and Sells and D.O. Dafinone & Company (both Chartered Accountants). Over the years he has received professional development training at notable institutions worldwide including Harvard Business School, INSEAD, and the International Institute for Management Development in Switzerland.

In 1999, he completed a one-year sabbatical at the National Institute for Policy and Strategic Studies in Kuru, Jos, Nigeria, where he carried out research on economic development and job creation policies.

Private sector

In 1990, he (together with Tayo Aderinokun) established Guaranty Trust Bank, which he served as Managing Director and Chief Executive Officer from 1990 to July 2002. The bank has since expanded beyond Nigeria to other neighbouring African countries (The Gambia, Sierra Leone, Ghana and Liberia) and in United Kingdom. The bank became listed on the Nigerian Stock Exchange in 1996.

In 2002, Adeola voluntarily retired from Guaranty Trust Bank, after twelve years, handing over to his deputy, Tayo Aderinokun. Since then he has served as the chairman UTC, ARM, Lotus Capital, Eterna Oil, CardinalStone Partners Limited, Tafsan Breweries (board member), and Credit Registry Services.

He is also the chairman of Main One Cable Company Limited which completed the construction of an open access submarine cable system that spanned 14,000 kilometres and provides international and internet connectivity to countries on the Atlantic Coast from Portugal to Lagos in 2010.

Public sector

Adeola served as Chairman of the National Pension Commission, following the promulgation into law of the Pension Bill (principally authored by him), by the National Assembly of Nigeria. He chaired the Lagos State Disaster Relief Committee which was set up following the 27 January 2002 Lagos armoury explosion. He was the Vice-Presidential candidate of the Action Congress of Nigeria (ACN) serving as running mate to former Economic and Financial Crimes Commission chairman (EFCC) Nuhu Ribadu in the 2011 presidential elections.

Adeola was also a member of the National Honours and Awards Committee and was appointed a member of the Governing Council of Lagos State University in November 2004. He served as a member of the Solid Minerals Committee (constituted by the Federal Government) and was the Chairman of Ogun State Development Trust Fund Committee. He was a council member of Lagos State University and until 17 January 2011 served as a council member Olabisi Onabanjo University.

Civic work

Adeola established the FATE Foundation in 2000. FATE is a non-governmental organisation which aims to encourage entrepreneurship, using a mix of training, mentoring, loan support and consulting to support young Nigerians. To date it has served over 30,000 young Nigerian entrepreneurs, of which over 65% are fully employed by their businesses and are employing on average about four staff.

FATE opened an innovation centre in Abeokuta, the Institute for Venture Design, in collaboration with the Centre for Design Research at Stanford University, which runs an entrepreneurship program focused on engineering, technology, and innovation, and which aims to promote development of industry in Nigeria.

Adeola served as a member of the Global Advisory Committee on Philanthropy of the World Economic Forum for four years. In 2001, he was invited to join twenty-four other business leaders for the Aspen Institute ISIB Annual Business Leaders Dialogue in Aspen, Colorado. In May 2004, he was appointed Commissioner on the Commission for Africa by the British Prime Minister Tony Blair.

He was a Council member, and is Fellow of the Institute of Chartered Accountants of Nigeria; Fellow of the Institute of Directors of Nigeria.


Honours and awards

He was nationally decorated as Officer of the Order of the Federal Republic (OFR) in December 2002 by President Olusegun Obasanjo. He has an honorary doctorate from Nkumba University, Ntebbe, Uganda. Banker of the Decade in 2009 by the Vanguard Newspaper group. Distinguished Famous Alumni award by Yaba Tech. Zik Leadership in 2003. This Day Awards 2011 – Change Makers in Social Entrepreneurship.

Personal life

Adeola is married to Hajara, and has six children.

Paraman:
Lagos state, the best state in Nigeria and one of th best state in Africa and the world.

FreeStuffsNG:
Beeni o!! Thank you sir.

We’re honored to have had the privilege of His Excellency, Governor @jidesanwoolu at the launch of our Cardiology and Cardiac Care facility on Wednesday, January 24th 2024.

Our 27bed multi-specialist hospital was unveiled and commissioned by Governor SanwoOlu prior to a tour of our Cath Lab, MRI and other top tier services and equipment.

We are committed to employing and retaining local talent while also developing skill sets through international expertise.

This commitment is to ensure a highly experienced, well-rounded, and diverse team, poised to support the advancement of medical care across Nigeria and reduce the need to travel internationally for healthcare treatment.

We will look after you.