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Nigerians Spend N664bn On Medical Tourism Yearly - FG

Posted by Amarachi on Wed 11th May, 2022 - tori.ng

The Federal Government says it's determined to stop the trend, which was described as a drain on the country’s foreign reserves.

airpoer

File Photo

The federal government has disclosed that Nigerians spend between USD1.2 and USD1.6 billion (N664bn at 415/$) on medical tourism annually.

Minister of Information and Culture, Alhaji Lai Mohammed, said this during a guided tour of Duchess International Hospital in Lagos.

He said the Federal Government was determined to stop the trend, which he described as a drain on the country’s foreign reserves.

Mohammed said there were several health interventions and provisions of the enabling environment for private-sector-driven enterprises like Dutchess to thrive.

He disclosed that the Federal Government through the Nigerian Sovereign Investment Authority (NSIA) has invested a total of $22.5 million in two diagnostic centers in Kano and Umuahia ($5.5 million each) and the NSIA-LUTH Cancer Centre in Lagos ($11.5 million).