Lagos Launches Health Insurance, Endowment Fund for Vulnerable Residents - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 23, 2022 Newswires
Share
Share
Post
Email

Lagos Launches Health Insurance, Endowment Fund for Vulnerable Residents

AllAfrica

The state government says the initiative comes on the heels of the success of various health insurance plans, including Ilera Eko and EKOTELEMED, a telemedicine service.

The Lagos State Health Management Agency (LASHMA) has presented Eko Social Health Alliance (EkoSHA), a health insurance and endowment fund for vulnerable and disadvantaged Lagosians.

The government said the initiative comes on the heels of the success of its various health insurance plans, including Ilera Eko and EKOTELEMED, a telemedicine service.

Speaking during the media launch of the scheme on Wednesday at Providence Hotel in Ikeja, the Commissioner for Health in the state, Akin Abayomi, who was represented by the Director of Medical Administration, Training and Programs, Funmilayo Shokunbi, explained that EkoSHA is a public and private partnership.

Ms Shokunbi added that development and multilateral partners and individuals seeking the good of residents of Lagos also make up the partnership.

She said a N750 million equity funds as insurance coverage for no fewer than. 230,000 indigent and vulnerable residents of Lagos State were ongoing.

Additionally, she revealed that the elderly, orphanage homes, vulnerable persons living with HIV/AIDS, Tuberculosis, Sickle Cell Anaemia, and victims of domestic and sexual violence in Lagos would have access to the health plan.

"The initiative is designed to mobilise adequate funds to help the identified vulnerable residents of Lagos state access health insurance through the Ultra Eko Social Health Plan under the Lagos State Health Scheme (LSHS)," she said.

The commissioner also stated that in a bid not to keep benefactors solely dependent on the initiative, the government would partner with social welfare institutions through EkoSHA to alleviate their finances.

He said: "EkoSHA will also provide access to social welfare empowerment programs so that beneficiaries not only have health insurance but are provided opportunity and support that will gradually lift them out of poverty".

Equal Opportunity

The General Manager of Lagos State Health Management Agency (LASHMA), Emmanuella Zamba, explained that despite the state having a high percentage of people living below the poverty line, the state government is committed to ensuring every resident has access to quality healthcare.

She said it will ensure equal opportunity is given to those who cannot afford the ILERA Eko premium, in line with section 20 of the LSHS law.

"The law indicates that the agency should ensure the availability of alternative funding sources to the health sector for improved services.

"The agency established Eko Social Health Alliance (EkoSHA) which is the resource mobilisation of the agency to care for health insurance premiums of the vulnerable and indigents in our midst."

She explained that their target included providing for vulnerable persons with particular health conditions and has taken a step with the rapid poverty assessment tool to help determine the index.

Ms Zamba explained that a 10-member committee, including Njide Ndili, Olufemi Orawusi and The Sterling Foundation, conceived the EkoSHA initiative.

She reiterated that the Initiative was not limited to the Yoruba residents of Lagos and urged the public to key into it.

"Let me add that our door is open for more collaborations from everyone who has the interest of the vulnerable and indigent people at heart". She said.

Testimonies

Also in attendance at the event were beneficiaries of the initiative who shared their gratitude for the treatment they got.

Oluwatobi Aro said that three weeks ago, her baby was operated on for Hernia and the initiative covered the payment.

Jacob Zinzu also expressed gratitude, stating his wife delivered a set of twins safely, and the state health insurance plans footed the bills.

Older

Disability Insurance and the Effects of Return-to-Work Policies (Updated December 14, 2022): Social Sciences

Newer

Polyclinic, Everett Clinic owner reaches deal with health insurer

Advisor News

  • Financial FOMO is quietly straining relationships
  • GDP growth to rebound in 2027-2029; markets to see more volatility in 2026
  • Health-related costs are the greatest threat to retirement security
  • Social Security literacy is crucial for advisors
  • The $25T market opportunity in mid-market and mass-affluent households
More Advisor News

Annuity News

  • MetLife to Announce First Quarter 2026 Results
  • CT commissioner: 70% of policyholders covered in PHL liquidation plan
  • ‘I get confused:’ Regulators ponder increasing illustration complexities
  • Three ways the Corebridge/Equitable merger could shake up the annuity market
  • Corebridge, Equitable merge to create potential new annuity sales king
More Annuity News

Health/Employee Benefits News

  • Virginia insurance regulators order rate cuts for several Aflac policies
  • State legislators continue to question HPH-HMSA deal
  • Shares of Health Insurers Rally After CMS Bumps Up 2027 Rates
  • Virginia insurance regulators order Aflac rate cuts
  • Providers wait for hundreds of millions in delayed Medicaid payments
More Health/Employee Benefits News

Life Insurance News

  • Overcoming price objections by reframing costs
  • Virginia insurance regulators order rate cuts for several Aflac policies
  • AM Best Maintains Under Review With Positive Implications Status for The Fortegra Group, Inc.’s Insurance Subsidiaries
  • Life insurance application activity sees record-breaking Q1
  • Virginia insurance regulators order Aflac rate cuts
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Press Releases

  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet