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Medical tourism puts a huge strain on our foreign reserves

Medical tourism puts a huge strain on our foreign reserves

Governor of the Central Bank of Nigeria, Godwin Emefiele has mentioned that medical tourism places an enormous pressure on the nation’s overseas reserves.

 

Emefiele mentioned this on the launch of a brand new hospital in Ikeja, Lagos. Appealing to the personal sector to put money into medical services to enhance entry to healthcare within the nation, Emefiele famous that for each $1bn allotted to medical remedy overseas, there may be lower than $1bn that could possibly be obtainable to different vital sectors of our financial system. 

 

He mentioned; 

 

“Medical tourism places an enormous pressure on our overseas reserves, and extra importantly, for each $1bn allotted to medical remedy overseas, there may be lower than $1bn that could possibly be obtainable to different vital sectors of our financial system.

“As a part of this effort, the CBN and choose personal sector stakeholders supported COVID-19 intervention initiatives by means of CACOVID.

“When we began COVID-19 intervention initiatives, the CBN put aside N100bn to assist the healthcare sector, however upon the rise in demand, we now have disbursed N107.7bn, supporting 114 healthcare initiatives which embody medical diagnostics, prescription drugs, dental providers, eye clinics each personal and public hospital – simply to say just a few.”

 

Emefiele additionally disclosed that the CBN has earmarked N100 billion to assist the healthcare sector however the financial coverage committee mentioned it ought to transfer it additional as much as N200 billion.

 

He added; 

 

“We would proceed to do no matter might be finished to assist healthcare.”

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