They are a public-private driven enterprise established by the Nigeria Social Insurance Trust Fund (NSITF) with investment contribution from private individuals and organizations. NSITF established the company as a Special Purpose Vehicle (SPV) to meet its strategic objectives and plans in realizing its statutory mandate under the ILO convention No, 102 of 1952 (Minimum standards fulfilment of the Medicare requirement) of providing social security insurance as it relates to health.