Public Management

Nigeria: FG earmarks $27.5million for health facilities’ upgrade

Wednesday, 05 July 2017 19:01

The Federal Government of Nigeria plans to invest N9 billion ($27.5million) to upgrade hospitals in the country, in a bid to put an end to foreign medical trips by locals. This was revealed by the Minister of Budget and National Planning, Udoma Udo Udoma, last Tuesday in Abuja.

The official who was addressing civil society organizations added: What the ministry of health is doing is going into partnership with the private sector and tertiary institutions, with the Nigerian Sovereign Investment Authority. The idea is to upgrade a number of hospitals by getting first class facilities to have the best practice. We have some of the best doctors everywhere in the world; so, apart from the local ones, we want to entice some doctors in the Diaspora to also come back. One of the constraints they keep on telling us when we tell them to return is that the facilities are not good enough; so we want to upgrade the facilities so that they can come back.”

It should be recalled that the National Assembly in February announced plans to increase its total allocation for the health sector in the 2017 budget from N304 billion ($878.8million) to N1.1 trillion ($3.2 billion). This is as locals spend over N314 billion ($908 million) annually on medical treatment abroad.

Anita Fatunji

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Banks’ exposure to sovereign risk rose to 32% of total assets in 2024 48.8% of banks’ treasury assets were invested in public securities Cameroon,...
BEAC raises key interest rates to support CFA franc Policy rate lifted to 4.75% amid falling foreign reserves Shift reverses earlier easing criticised...
African companies raised about $220 billion in equity on local stock markets over the past 25 years Equity market capitalization rose...
WAEMU foreign exchange reserves rose to about $33 billion by end-October 2025. Import cover increased to six months from 3.8 months in...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.