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Healthcare can generate foreign exchange

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By Okunloye Abiodun

Nigeria healthcare can be source of foreign exchange - Former health minister.

During a telephone conversation with the News Agency of Nigeria (NAN), the former Minister of Health, Professor Isaac Adewole, stated that Nigeria’s health sector has the potential to become a source of foreign exchange if it is adequately capitalized on. According to him, Nigeria’s healthcare system is not quite as terrible as many people would have you believe because the country is still home to some of the most qualified medical specialists that you will find any place in the world.

He added that Nigeria needs to motivate healthcare professionals, pay them well, and improve its operating environment. If they do these things, they will be able to reverse the trend of medical tourism and impress people to come to Nigeria for treatment, which will result in an increase in the country’s ability to earn foreign exchange. With more investment, Nigeria may rely less on oil and more on its health sector. For far too long, the country has prioritized oil production over other vital sectors, such as tourism, healthcare, and education.

State governments need to reignite their primary healthcare centers.

Concerning the issue of the privatization of Tertiary Health Institutions, which is being proposed in certain quarters, the former minister stated that he would have been in favour of it if Primary Healthcare Centers (PHCs) and Secondary Healthcare Centers were operational. Prof. Adewole, who served as minister from 2015 to 2019, remarked that one of his primary responsibilities was to ensure that all 10,000 (PHCs) across the nation were operational. He added that efforts to continue the program are ongoing.

Prof. Adewole urged state governments to reignite their Primary Healthcare Centres (PHCs), and he recommends that at least one PHC be located in each political ward in order to provide medical attention to 10,000 people. However, about 70 percent of people living in the country will visit a Primary Healthcare Centre (PHC), while 20 percent will go to a Secondary Healthcare Centre, which means that 10 or fewer percent of people will genuinely require the services of a tertiary facility.

Healthcare should be made available to all while considering privatization.

With these numbers, he affirmed that they would be able to ensure that the remaining 10% are covered by health insurance or by other generous philanthropists who wish to take care of their services. However, given the current state of affairs, Prof. Adewole said he would not push for privatization because the vast majority of the country’s population does not have access to any other options and vending for themselves would be something difficult for them.

However, in a previous interview with NAN, Dr. Uche Ojinmah, the National President of the Nigerian Medical Association (NMA), encouraged the Federal Government to consider the possibility of privatizing the nation’s hospitals so that they can function at their full potential. According to Dr. Ojinmah, this is something that needs to be done in order to ensure that teaching hospitals and public hospitals have access to the required funding in order for them to continue operating.

Nigerian universities can also generate income from foreign students.

Moreover, the former minister noted that If universities in Nigeria have adequate funding and are operating effectively, foreign students may choose to pursue their education there, which should result in increased revenue for the nation. He added that the depreciation of the Naira has also made leaving Nigeria an attractive option for people because they will earn in one month what they would never earn in Nigeria in one year. Therefore, there is no way it can stop until Nigeria strengthens its economy.


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jdpumping
jdpumping
1 year ago

I concur to this statement that our health care can be a source of tourism for us but we need to really have good enumeration for our doctors that are trained to care for us at all times,the government should give them good well fare package.

Adeolastan
Adeolastan
1 year ago

I don’t believe this is coming from same Prof.that didn’t do anything when the doctors were on strike during is tenure as minister,he was saying there’s no money to pay them.Billions of Naira is been spent on medical tourism to other countries by Nigerians every year.

Abusi
Abusi
1 year ago

So the primary health care are going to be privatized in order to generate foreign exchange. It is firstly important that these health cares are within the reach of the people.

Hassan Isa
Hassan Isa
1 year ago

It’s encouraging that Nigeria is the continent’s leading oil and gas producer and the leading supplier of crude oil and petroleum products to the United States.

Chibuzor
Chibuzor
1 year ago

Although Nigeria’s healthcare system is often criticized, it is not as bad as many people say it is because the country is home to some of the most well trained medical experts in the world.

Tonerol10
Tonerol10
1 year ago

Nigeria healthcare can be source of foreign exchange. It a welcome development as long it will give us good health benefit.

Bola12
Bola12
1 year ago

It is imperative that Nigeria incentivizes its medical staff by providing competitive salaries and enhancing its business climate.

Nwachukwu Kingsley
Nwachukwu Kingsley
1 year ago

The nation has placed an inordinate amount of emphasis on oil production at the expense of other key industries, including as tourism, healthcare, and education, for far too many years.

Taiwoo
Taiwoo
1 year ago

It’s wonderful that they’ll be able to make sure the remaining small percentage have access to medical care paid for by insurance or charitable donors.

Christiana
Christiana
1 year ago

For many, leaving Nigeria has become more appealing as a result of the depreciation of the Naira, which has allowed them to earn in a month what they could never earn in Nigeria in a year.

Godsewill Ifeanyi
Godsewill Ifeanyi
1 year ago

Since the vast majority of the country’s inhabitants cannot afford to buy goods from private vendors, we should not advocate for privatization.

Adesanyaj72
Adesanyaj72
1 year ago

It is crucial that primary health care remain affordable to the people if the government is going to privatize it in order to bring in more foreign currency.

Tolaniiii
Tolaniiii
1 year ago

The government should provide a generous retirement payout for the doctors who have trained to care for us around the clock.

Kazeem1
Kazeem1
1 year ago

Healthcare in Nigeria has the potential to generate foreign currency. It is a positive step in the right direction as long as it will not negatively impact our health.

Iyanu12345ogg
Iyanu12345ogg
1 year ago

I agree to this statement that our health care can be a source of tourism for us but we need to really have good enumeration for our doctors that are trained to care for us at all times,the government should give them good well fare package.

Haykaylyon26
Haykaylyon26
1 year ago

If this step will help in improving our currency and will not have negative impact on the people it is a welcome idea. Privatize it should not affect people rather it should bring positive effect

theApr
theApr
1 year ago

Nigeria has to improve its operational environment, compensate healthcare workers well, and inspire them. They would be able to reverse the trend of medical tourism and persuade individuals to have treatment in Nigeria if they carry out these actions.

Remi1
Remi1
1 year ago

The former minister stated that if Primary Healthcare Centers (PHCs) and Secondary health care centers were fully operational, he would have supported the privatization of Tertiary Health Institutions, which is being proposed in some quarters.

Ultra0711
Ultra0711
1 year ago

Despite frequent criticism, Nigeria’s healthcare system is not as bad as many claim due to the presence of some of the best-trained medical professionals in the world.

SarahDiv
SarahDiv
1 year ago

Our government lack the will to generate revenue from other sector which is due to incompetency and complacency. The healthcare sector would have been another way to generate income for the country if the government can invest in that sector.