MyItura launches Mediloan to finance healthcare bills for Nigerians

MyItura has launched Mediloan, a healthcare financing product designed to ease the burden of out-of-pocket medical costs that push over a million Nigerians into poverty each year.

In Nigeria, it is widely acknowledged that a single unexpected healthcare bill can lead a family to bankruptcy. This is not a far-fetched assumption; a 2024 World Bank report shows that 77% of all healthcare expenditure in the country is out-of-pocket, driving over a million Nigerians into poverty yearly.

This problem lies at the heart of MyItura’s newest product, Mediloan, a healthcare financing solution designed to alleviate the financial burden of healthcare on the average Nigerian.

Launching the product on Tuesday, December 9, 2025, at an event in Lagos, MyItura, a Nigerian healthtech company, aims to transform Nigerians’ healthcare culture by increasing access and affordability.

The event began with an uplifting opening speech by Shina Arogundade, CEO and Co-founder of MyItura, who emphasised the crucial role of a product like Mediloan in the future of Nigeria’s healthcare system. He highlighted that due to the cost of healthcare, many Nigerians abandon care, leading to worsened health conditions.

Arogundade’s points were further amplified by Stephanie Okpere, a representative of Co-creation Hub, one of MyItura’s partners, in a keynote speech.

“Making finance available goes beyond saving lives; it helps ensure that the quality of care provided meets the required standard. Finance is important,” Okpere said.

To end her keynote, she called for more collaborations to help Mediloan and MyItura reach the hands of the individuals who need them most.

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