Meet the CEOs of Nigeria’s Largest Healthcare Companies by Capitalization

Nigeria’s healthcare landscape is as dynamic as it is diverse, encapsulating sectors like pharmaceuticals, hospitals, and healthcare manufacturing. 

The heart of this vitality lies not just in the facilities or the policies but significantly in the leadership steering these large enterprises. 

As of 2024, the healthcare sector not only showed a robust growth pattern but also a substantial contribution to Nigeria’s GDP, amounting to approximately 0.72%. Among the titans of industry, eight standout CEOs are pivotal to driving forward Nigeria’s healthcare agenda through innovation and exemplary leadership. Let’s meet these influential figures.

Isola Oluwole Olukayode – Steering Pharma-Deko to New Heights

At the forefront of Pharma-Deko Plc since January 2020, Isola Olukayode has transformed the company with his extensive 25 years of experience in the manufacturing sector.

Educated in Food Science and Technology at Obafemi Awolowo University and later specializing in Microbiology, his journey from academia to industry leadership marks a trajectory of continuous advancement.

Pharma-Deko, under his guidance, maintains a strong market presence not only in Nigeria but also in the broader West African market, with a market capitalization reaching nearly N397 million as of August 2024.

Julius Adewale Adelusi – A Legacy of Leadership at Juli Plc

Founder and visionary leader of Juli Plc, Julius Adewale Adelusi-Adeluyi is a figure synonymous with innovation and community service.

His tenure as a former Federal Minister and various leadership roles in civic organizations underscores a career dedicated to both healthcare and socio-economic development.

Juli Plc, thriving under his leadership, specializes in pharmaceutical and consumer goods, boasting a robust distribution network and a market capitalization of N2.06 billion.

Adesoji Akinola Oladejo – Strategic Mind at Morrison Industries Plc

Adesoji Akinola Oladejo brings a mix of academic excellence and professional expertise to Morrison Industries Plc. With degrees in Food Technology and an MBA in Business Process Consulting, his leadership is a blend of technical prowess and strategic acumen.

The company, known for its healthcare products like antiseptics and wound care solutions, benefits from its innovative approach, reflected in a solid market cap of N4.4 billion.

Ayodeji Oseni – Expanding horizons at Industrial & Medical Gases

Industrial & Medical Gases (IMG) Nigeria Plc has thrived under Ayodeji Oseni, who brings over 30 years of experience in business strategy and operations.

His educational background in Microbiology and an MBA from Lagos State University complement his role where he has significantly expanded the company’s reach in industrial and medical gases.

With a market capitalization of N10.24 billion, IMG is pivotal in supplying essential gases for healthcare and industrial use.

Valentine Okelu – Neimeth International Pharmaceuticals

As the Managing Director of Neimeth International Pharmaceuticals, Valentine Okelu has elevated the company’s profile in Nigeria’s pharmaceutical landscape.

His journey from a medical sales representative to executive director showcases a career built on hard work and strategic vision. With a market capitalization of N8.2 billion, Neimeth stands as a key player in producing vital treatments for diseases like malaria and diabetes.

Patrick Ajah – Guiding May & Baker through innovation

Patrick Ajah’s leadership as CEO of May & Baker has been marked by significant growth and innovation. With a background in Pharmacy and extensive experience across various sectors, he has driven the company to new heights.

Established in 1944, May & Baker’s focus on pharmaceuticals has made it a cornerstone of Nigeria’s healthcare sector, with a market capitalization of N11.65 billion.

Fidelis Akhagboso Ayebae – Foundation of Excellence at Fidson Healthcare

Dr. Fidelis Akhagboso Ayebae, founder and CEO of Fidson Healthcare Plc, has cultivated a reputation for excellence and innovation.

His entrepreneurial spirit and background in Civil Engineering and Business Management have propelled Fidson to the forefront of the pharmaceutical industry, achieving a market cap of N31.56 billion and establishing itself as a leader in generic and branded medicines.

Dukor Anderline Ndidi – Visionary Leadership at MeCure Industries

Co-CEO Dukor Anderline Ndidi brings over 25 years of pharmaceutical expertise to MeCure Industries. Her leadership has been instrumental in enhancing the company’s operations and expanding its product offerings, making MeCure the largest pharmaceutical company listed on the NGX by market capitalization, valued at N34.08 billion.