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Top MD/CEOs of HMOs in Nigeria



Health insurance stands as a crucial tool in providing financial security against the expenses of healthcare services, serving as a cornerstone of universal healthcare.

The necessity of this protection is highlighted by research from the World Bank and World Health Organization (WHO), revealing that annually, healthcare costs drive approximately 100 million people into extreme poverty.

Despite operating in Nigeria since 1999, the adoption of health insurance remains minimal. Oversight falls under the purview of the National Health Insurance Authority (NHIA), tasked with promoting, regulating, and integrating health insurance schemes nationwide. However, the current coverage rate hovers below 5% of the population, falling short of the NHIA’s ambition to achieve universal health coverage by 2030.

NHIA coverage primarily extends to federal employees, while state health insurance authorities cater to state government workers. With approximately 73 registered Health Maintenance Service companies accredited by the NHIA, the landscape seems poised for expansion.

Nevertheless, Health Maintenance Organizations (HMOs) have demonstrated resilience, expanding their reach across the nation and offering affordable healthcare maintenance packages to individuals and families. However, behind these companies’ success are dedicated individuals committed to fostering the health insurance sector.

Nigeria’s top HMOs and CEOs stand out based on their extensive service networks, affordability, customer base volume, and industry experience.  In no particular order, meet the CEOs/MDs leading the charge toward a brighter future for the health insurance industry.

Adetutu Afolabi, a pharmacist and seasoned entrepreneur, spearheads accessible healthcare solutions through her ventures. As the founder of Wellness, she pioneered affordable community healthcare, evolving it into a holistic wellness platform.

With a master’s in business administration from Lagos Business School and a Pharmacy degree from Olabisi Onabanjo University, Adetutu blends business acumen with healthcare expertise. Her leadership at Wellness Healthcare Group and Hazon Holdings reflects a commitment to transformative healthcare models. Adetutu’s coaching endeavors empower emerging entrepreneurs, solidifying her legacy as a wellness advocate and healthcare trailblazer.

Established in 2007, Wellness presently caters to over 500,000 customers through its network of retail community pharmacy stores.

He is a physician specializing in public health and preventive medicine, holds a postgraduate degree in Public Health from Yale University School of Public Health, USA, with a focus on Health Policy and Healthcare Management.

An alumnus of the Harvard School of Public Health Global Health Delivery program, his interests span Universal Healthcare Coverage, Managed Care, and Health Policy. Previously, he served as a Medical officer of health and Policy Analyst at the Connecticut Health Insurance Exchange, implementing the Patient Protection and Affordable Care Act. With leadership roles at AXA Mansard Health Insurance and Leadway Health, he drives innovation in healthcare management.

Leadway Health offers more than 1,000 healthcare centers in Nigeria to customers across the country and has been in business for about 50 years in Life and Non-life insurance.

Dorothy brings over two decades of technical and administrative expertise in managing extensive health programs.  She has background in Medicine and postgraduate training in Public Health, Infectious Diseases, and Epidemiolog.

Dorothy’s areas of specialization include healthcare financing, public health, project management, healthcare quality, strategic leadership, and health advocacy.

Formerly serving as MD/CEO of PHB Healthcare Limited, a Bank PHB (HMO) subsidiary, she has demonstrated exceptional leadership. Dorothy holds degrees from the University of Nsukka, University of Lagos, and a Master’s from London, UK.

Novo Health Africa is a National Health Maintenance Organization providing health care across Nigeria which allows individuals to access healthcare services with about N25,200. Novo Health Africa Foundation is a private foundation founded by Dr. Dorothy Jeff- Nnamani in 2013.

Dr. Leke Oshunniyi, a seasoned Private Medical Practitioner and Health Administrator, has led Royal Cross Medical Centre in Ikoyi, Lagos, since 1990. With roles in the Association of General and Private Medical Practitioners of Nigeria (AGPMPN), including Secretary-General, he has shaped Nigeria’s healthcare landscape.

As a founding Director of Multishield Ltd. and Chairman of the Health and Managed Care Association of Nigeria (HMCAN), he drives innovation in healthcare management. Recognized with the Distinguished Service Merit Award, he is a Fellow of the Institute of Health Insurance and Managed Care of Nigeria (FIHIMN), symbolizing his impactful contributions to the industry.


Dr. Michael Egbejumi serves as the Managing Director/CEO of Ronsberger Nigeria Ltd, a leading Health Maintenance Organization (HMO) in Nigeria since January 2015.

With over two decades of experience, he is a seasoned Public Health physician, Neuro-Rehabilitation expert, and Health Insurance specialist. Holding degrees from prestigious institutions like the University of Ceara, Fortaleza, Brazil, and the London School of Hygiene & Tropical Medicine, University of London, he has held strategic positions globally.