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Stanbic IBTC Pension Managers Completes Landmark Renovation in Enugu

Destiny Eseaga by Destiny Eseaga
April 16, 2026
in Company News
Reading Time: 2 mins read
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Stanbic IBTC Pension Managers - Financial Inclusion

Stanbic IBTC Pension Managers

Building on its track record of community-focused projects, including the renovation of Government Day Secondary School in Akamkpa, Cross River State, Stanbic IBTC Pension Managers has completed a significant renovation of the Federal Neuropsychiatric Hospital, Enugu; reinforcing its commitment to impactful interventions across health and education in Nigeria.

The renovation has revitalised both the hospital’s external and internal spaces; transforming it into a safer, more comfortable and welcoming environment for patients, healthcare workers, and visitors.

The hospital’s outdoor areas have been landscaped with greenery, while a covered canopy has been installed to create a more befitting sit-out space for patients and staff.

With the upgrade, a 20-meter perimeter fence now facilitates a more secure environment; while a newly installed borehole ensures reliable access to water. In addition to improving the facility’s functionality, these improvements also contribute to a more serene and therapeutic environment.

Inside the hospital, the central and extension wards have undergone extensive refurbishment.

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Floors have been polished; walls screeded and freshly painted; and furniture upgraded to include new ward beds, side drawers, window treatments, nurses’ desks, and televisions.

Damaged items including ceiling fans, doors, and lighting fixtures, have been replaced; while fumigation exercise was carried out to ensure a hygienic and safe environment.

The toilet block, comprising six toilets, has also been thoroughly modernised with new plumbing, sanitary ware, electrical installations and tiling. These interventions combine to create a facility that meets higher standards of patient care, comfort, and safety.

Commenting on the renovation, Olumide Oyetan, chief executive, Stanbic IBTC Pension Managers, said,

“Access to quality healthcare and education are cornerstones of societal progress. This renovation reflects our dedication to improving mental health infrastructure and providing a supportive environment for patients and staff at the Federal Neuropsychiatric Hospital in Enugu. In 2024, we undertook a similar initiative at the Yaba Psychiatric Hospital in Lagos. These projects together demonstrate our commitment to enhancing both health and education across Nigeria; ensuring our interventions have a lasting and meaningful impact.”

This project highlights Stanbic IBTC Pension Managers’ consistent commitment to corporate social responsibility; demonstrating how sustained investments in mental health infrastructure can address critical needs and improve community outcomes.

By strategically selecting facilities for renovation and carefully executing comprehensive improvements, the company continues to set a benchmark for socially responsible corporate interventions in Nigeria.

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Destiny Eseaga

Destiny Eseaga

My name is Destiny Eseaga, a communication strategist, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader world context. My passion lies in the world of finance, particularly, capital markets, investment banking, market intelligence, etc

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