Nigerians Spend $1 Billion On Medical Tourism

The International finance Corporation (IFC) a member of the World Bank Group and the Nigeria Sovereign Investment Authority (NSIA)  has announced that they are carving out strategy to increase investments in the nation’s health sector to end over $ 1 billion Nigerians spend on medical tourism.

According to the IFC Country Director, Eme Essien Lore, there is a need to support the private sector in Nigeria  so that they can provide affordable and accessible medical services. She said that the country will need innovative approaches like public private partnerships (PPPs), among others  to mobilise private capital for public healthcare.

She said that there are considerable opportunities to assist the private sector in playing a viable role in providing affordable healthcare across the country.

Lore said, “IFC is committed to help increase affordable quality healthcare services by financing and facilitating financing for integrated networks. This will support the development of critical healthcare infrastructure and attract private capital into the sector.”

“We are working with NSIA to boost investment in the healthcare sector and bridge the gap in under supply of quality healthcare in Nigeria.”