Nigeria’s healthcare system faces significant challenges, with only 3% of the GDP and 5.03% of the total budget allocated to health, a far cry from the African Union’s recommended benchmark of 15%. Most healthcare spending is out-of-pocket, leaving most Nigerians without health insurance and facing high financial barriers to accessing quality healthcare. The new government’s “Renewed Hope budget” to address these issues was presented to the National Assembly for approval by President Bola Ahmed Tinubu on the 29th of November 2023.
To read our budget analysis report, click here..