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Nigeria’s foreign health expenses drop to $294.6 million in 9-month 2022

Nigeria’s foreign health expenses falls to $294.6 million in 9-month 2022

Nigerians spent $294.55 million on foreign health services between January and September 2022, according to data from the Central Bank of Nigeria (CBN). This translates to N135.8 billion, assuming an exchange rate of N461/$1. 

The CBN report showed that during the period under review, foreign health expenses by Nigerians decreased by 52% compared to $612.98 million during the comparable period of 2021. Also, note that this is the lowest figure recorded since 2016 when only a paltry sum of $7.14 million was spent. 

Nigeria’s foreign health expenditure has been on a rapid decline since the covid-19 pandemic in 2020, which saw the death of thousands of people globally, especially in other climes.  

Nigeria’s foreign health spending declined from $2.56 billion recorded in 2019 to $1 billion in 2020 and has maintained a downward trajectory since then.  

The outbreak of the pandemic discouraged some Nigerians from travelling abroad for health care reasons due to the intensity of the pandemic in other climes like the US, UK, Canada, and France amongst others. 

Continuous spending: Despite the decline, it is still a cause for worry that Nigerians continue to move their monies abroad in search of healthcare services that would otherwise be received in the country.  

Underfunded sector: The President signed the national budget of N21.8 trillion for the 23 fiscal years, allocating N1.08 trillion to the ministry of health. A breakdown showed that N614.18 billion was earmarked for personnel, N16.45 billion for overhead, while N445.16 billion was budgeted for capital expenditure. 

Brain drain in Nigeria’s health sector: In a symposium on the implication of the brain drain in Nigeria’s health sector held in 2022, Uche Rowland, the President of the Nigerian Medical Association noted that 5,600 Nigerian medical doctors migrated to the United Kingdom in the last eight years. 

He also added that in some Southern states, the doctor-to-patient ratio, is about 1:30,000, while in the north it is as high as 1:40,000 patients. 

He added that Nigeria requires at least 363,000 additional doctors to meet the WHO target, and improve the healthcare delivery in the country. In his address, he stated that the mass exodus of licensed medical doctors and other health professionals to more developed countries has brought significant disruptions to Nigeria’s healthcare system. 

Bottom line: Nigeria’s foreign health expenditure has fallen significantly in the last two years, mainly due to the covid-effect, while the local sector still suffers from its underlying issues. The federal will need to work on improving the standard of healthcare in the country, to further reduce the capital flight of foreign health services. 

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