Healthcare is a tricky business in Nigeria. Steps must be taken to ensure better accountability and reduce time for registrations and inspections. This low healthcare-to-GDP spend helps explain the prevalence of poor health outcomes in Nigeria. The federal government is responsible for tertiary care, which is mainly provided by university teaching hospitals and federal medical centres. This is regarded as one of the highest in the world. Nigeria’s public health care system is overseen and managed at three distinct levels. President Buhari has taken a number of steps in the recent past to rein in activities of Boko Haram. But 10 years after the NHIS was launched in 2005 with much fanfare, there is little to celebrate. Olpharm Nigeria Limited is a healthcare company with a team of fully qualified Managers, Pharmacists and other Professionals, with presence in major cities and towns in Nigeria. Syringes,cottonwools, gloves, methylated spirits, and countless other things that get used up in hospitals daily. It is the second largest economy and the highest producer of oil & gas in Africa. So, healthcare needs to be treated as an urgent national priority. Medical devices market size was estimated to be $154 million in 2013 which is forecasted to reach $227million in 2018. However, pharmaceuticals products attract 10% duty. According to the World Bank, Nigeria’s total health expenditure (both private and public healthcare spending) amounted to 3.6% of GDP in 2016, and below peers like Kenya (4.5%), South Africa (8.1%), and Brazil (11.7%). PlacidWay, a leader in the medical tourism industry, offers extensive information related to medical travel,... MEDLIGHTPRO. MBA Degree in Healthcare Management in Nigeria. The state government is responsible for general local hospitals and providing primary healthcare centres in Nigeria. Private providers of healthcare have a visible role to play in health care delivery. Nigeria has one of the largest stocks of human resources for health (HRH) in Africa but, like the other 57 HRH crisis countries, has densities of nurses, midwives and doctors that are still too low to effectively deliver essential health services (1.95 per 1,000). Healthcare issue is an enigma in Nigeria and its citizens are suffering the consequences. Anthonia Obokoh Jan 10, 2020. There is hardly any indigenous refining capability. Nigeria has the third largest FDI stock in Africa, since the country remains Africa's largest producer of oil. Find the list of Top Homecare Services in Nigeria on our business directory. 21 December 2020. Land acquisition in these cities is not a prerogative of the poor. It is not as if the country doesn’t produce the required clinical expertise, but is hit hard by continuing brain drain due to lack of opportunities and working conditions in the country, not to mention abysmally low remunerations. Average life expectancy in Nigeria is 48.5 years and the Infant Mortality Rate remains high at 87.3 per 1000 live births. If crude oil prices average $53 per barrel in 2015, compared to $77.5 per barrel in 2014, the Federal Government of Nigeria’s oil and gas revenue will decline by an equivalent of $10 billion this year, or a gut-wrenching 30%. However, if you still lack the required money to set up this business, you may have to look at a couple of directions. The healthcare opportunity is huge in Nigeria, as are challenges. On the average, a doctor should not see more than 30 patients in a day, but is compelled to attend to an average of 100-150 or more patients daily because of these skewed ratios. This constitutes a 5.6% of the total budget allocation and a mere 2.6% of the GDP! The healthcare market here will continue to grow for the foreseeable future and the healthcare investments will continue to flow apace. Nigerian economy has seen downward growth rate of 2.35% in Q2 from 3.96% in Q1, shrinkage of 1.6%. The Managing Director and Chief Executive Officer of Private Sector Health Alliance of Nigeria (PHN) Dr. Muntaqa Umar-Sadiq, made the remark during a presentation at the just […] 2 The Premier Specialists' Medical Centre 7 Ogalade Close, Victoria Island, Lagos State, Nigeria 0908 737 9660, 0908 737 9663, 0908 737 9659 Security situation in Nigeria remains tenuous. Amanda Hospital Inc services includes reproductive endocrinology, obstetric and gynaecological care, x-rays, ultrasound, phototherapy services, immunizations and physiotherapy services. Nigeria is one of the most populated countries in Africa but only about 40% of the people are connected to the electricity grid. These health centers cater for the needs of pregnant women. The healthcare sector in the country is primarily made up of systems and companies specialized in the production and delivery of products and services that improve the well-being of the nation from pills and medication to hearing aids devices.. By Etete Road Junction, GRA. The total cost of GDP from the healthcare sector in Nigeria is 4.6%. There is no accountability of staff as to their hours of duty, number of patients they see or the overall patient satisfaction and outcomes. Me Cure Healthcare provides a wide range of healthcare services in the areas of digital x-ray, pathology, dentistry, optometrists referral and information services. Many facilities also experienced desertions during Ebola outbreak, leaving patients totally vulnerable to this deadly disease. The 46-page document has been authored by one of our Nigeria country specialists and provides readers with much more detail that our free guide above. Nigeria has never been a manufacturing giant. Due to the aforementioned, the healthcare system in Nigeria has shown spatial variation in terms of availability and quality of facilities in relation to need. To remove bureaucracy, bribery and corruption associated with land development, most states have established a specific agency to regulate the entire land process. This directly impacts the productivity of citizens and by extension Nigeria’s economic growth. Donor agencies such as the WHO, UNICEF and USAID have played active role in health financing in Nigeria. Healthcare spending in 2014 was estimated to have been around $9.7 billion. This translates into the Average Doctor-Patient ratio of 1:5000 and Nurse-Patient ratio of 1:1166. WHO recommends one pharmacist per 2000 population; Nigeria has approximately one pharmacist per 12,000 of people. The use of traditional medicine (TM) and complementary and alternative medicine (CAM) has increased significantly over the past few years. The state government is responsible for running general hospitals while the local government is responsible for dispensaries. According to a report by Fitch Solutions, healthcare expenditure in Nigeria is predicted to reach NGN 5,762.061 billion by 2021 growing at a CAGR of 8.35% Y.O.Y. Nigerian government intends to use Community Based Health Insurance to cover people employed in the informal sector and rural areas. A major problem afflicting the healthcare system in Nigeria is the so-called “brain drain” of doctors and medical staff. Mediosa Healthcare Nigeria 150, Ikorodu road, Adebowale house, Onipanu Somolu, Lagos, Lagos, Lagos Mediosa Healthcare is an all in one healthcare platform where users can consult certified doctors, book laboratory tests/ health checks and order medicines online. No. The budget was passed on the basis of crude oil sales at $53 per barrel, production estimate of 2.2782 million barrels per day, and an exchange rate of N190 to the dollar. This will have a positive impact on serviceability and consequent better sweating of the equipment in future, thus directly affecting profitability. Healthcare financing is critical to achieving universal healthcare coverage. 21 Adesuwa Grammar School Rd. Four essential elements are driving the major fall-outs in Nigeria’s healthcare transformation: poor universal health coverage, inadequate infrastructure, poor human resources planning, and management practices and structures causing brain drain and low budgetary of government commitments. Poor Public-Private Partnership (PPP) too has resulted in poor contribution from the private sector. In 2014 the federal health allocation out of the total federal budget of N 4,962 billion was N262.7 billion, out of which 216.4 billion (82%) was recurrent expenditure and the balance 46.3 billion (18%) was capital expenditure. Decide … The focus of most management executives of NHIS has been on the formal sector leaving the informal sector without comprehensive planning, budgeting and evaluation. This is yet another malady afflicting the healthcare industry in Nigeria, mostly the public healthcare facilities. Nigeria recently surpassed South Africa to become Africa’s largest economy, and the 21st largest in the world, following the release of Knoema’s World GDP Ranking 0f 2015. Bringing together the Nigerian Private Health Sector Stakeholders and Health care Providers through Healthcare advocacy and healthcare collaboration. So, you may not need a lot of money to start this business. Oil constitutes more than 95% of its exports. The proportion of seniors over 65 years old is about 3% of the population – 5.9 million people. Senior welfare in Nigeria and West Africa After the flagging off of the scheme, NHIS gave itself a target of ten years (2005-2015) to achieve universal coverage, which still remains a pipe dream. The prices have been high because of the oil boom driven construction activities. In most states of the federation, the proportion of states’ and LGAs’ budgets allocated to health remains below 15%. National Primary Health Care Dev. ... Scantrik... Smaart Health. In 2014, some of the public sector hospitals have also been at the forefront of this malaise that threatens to paralyze the entire public sector. But the huge interest rates of commercial banks are a turn-off to most developers. TEL No: 07090858575, 07090858202, 08034021430. That’s a result of an increase in life expectancy, improved nutrition, sanitation, health care, and economic growth. The one operated by the NHIS aims to cover preventive, … Premium Times (Abuja) ... not only as a business disruptor for … Today’s top 20 Business Development Manager Healthcare jobs in Nigeria. Africa’s top public health official said on Thursday that a new strain of the coronavirus has been found in Nigeria, the continent’s most populous country. Healthcare Federation of Nigeria, a healthcare advocacy organisation in Nigeria. How to Contact THT HMO in Nigeria. Some of the prominent groups that are making healthcare forays into Nigeria are Abraaj Group (Dubai based), Manipal Hospital Group (India), Kent Hospital Group (Turkey) to name just a few. Healthcare management in Nigeria, and the rest of Africa hasn't been fully explored. HBI asked one of them whether recent entries into the diagnostics space from foreign entities are a benefit or are just helping to cream off the top-tier of the market. Register your business with Secretary of State in your state. Import costs of medical equipment & consumables when converted to Naira from Pound Sterling/ Dollars/ Euros make the healthcare entities importing them financially unviable. Register with Secretary of State. Hospital patients will spend less time in hospitals as a result of quicker and better access to their medical records and laboratory test. There is limited source of funding for developers in Nigeria. Healthcare spending as a percentage of the GDP in Nigeria was 2.6% in 2014, while this figure is more than 17% for US, 10.6% for Germany and 4.5% globally. Many are waiting in the wings to make investments. The proportion of seniors over 65 years old is about 3% of the population – 5.9 million people. Register. Agency (NPHCDA) State Ministries of Health (SMOHs), 37 Health Maintenance Organizations (HMOs) NGO’s & development partners Donors Ward Health Authorities 73% 14% 12% Unknown 1% Teaching hospitals District hospital, comprehensive health center and specialist and general hospitals Dispensary & health posts (30%), health Highly-trained experts often leave the country in order to pursue their profession in countries with better infrastructure or higher wages. Sign In. This has severely skewed the healthcare delivery. Buy an In-Depth Country Report for Nigeria. Sell hospital consumables!!! Ubiquitous Strikes by Healthcare Professionals. Decide … Similarly, National Health Institutions Standards Committee, which was also inaugurated alongside the Council on Health for the purpose of advising the Federal Health Minister on matters affecting the establishment of tertiary institutions, setting the minimum standards to be attained by the various tertiary healthcare facilities, inspecting the facilities, advising government on financial needs for training and research and monitoring the utilization of the funds made available, needs to wake up to its responsibilities. Some of the sunrise industries that are likely to attract investments are healthcare, energy, education and food & agriculture. The healthcare consulting business is not a capital intensive one. Mediosa Healthcare Nigeria 150, Ikorodu road, Adebowale house, Onipanu Somolu, Lagos, Lagos, Lagos Mediosa Healthcare is an all in one healthcare platform where users can consult certified doctors, book laboratory tests/ health checks and order medicines online. 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