Land acquisition in these cities is not a prerogative of the poor. Anthonia Obokoh Jan 10, 2020. For those needing a more detailed and comprehensive overview of Nigeria we have published an expert Report on Nigerian Society, Culture & Business. 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 […] 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. NAIROBI, Kenya. The health care center in Enugu for medical and hospital services. Therefore, most of the medical devices & equipment, medical consumables and pharmaceutical products were never indigenously produced and have been imported at astronomical prices. I wish u all the best in your endeavour. Register your business with Secretary of State in your state. Explore facts about health care quality in African countries like Uganda, Nigeria, Tanzania, Zambia, Kenya, Zimbabwe and South Africa. 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. The Healthcare Sector in Nigeria: A General Overview 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). 4. The Alliance strategically leverages the resources, expertise and capabilities of the private sector in Nigeria to yield gains in health. IMF has slashed its 2015 growth forecast for Nigeria to 4.8%, from 7.3% last October. Clinic (Health Care Management) Business Plan in Nigeria. Apply for all the appropriate certifications and license. PHN focuses on four major pillars built on the evidence that the Nigerian healthcare sector is relatively flooded with untapped potential. There is no incentive to the healthcare sector in land allotments. National Health Bill which is still awaiting presidential nod seeks to steeply enhance government healthcare funding. The coverage of these schemes varies. Sell hospital consumables!!! International Women’s Day: Saluting Our Women, Indian Medical Value Travel (MVT) Industry…. With the prices of diesel hovering around N150 per litre, running of healthcare facilities on diesel generators is an unavoidable but expensive luxury. The reality however turned out to be much different and this led to a deficit of N1.075 trillion, representing 1.12 per cent of the country’s GDP. Many facilities also experienced desertions during Ebola outbreak, leaving patients totally vulnerable to this deadly disease. Corruption is a well-known malady afflicting the healthcare sector in Nigeria. Needless to say, the present dispensation has a job well cut out! Bringing together the Nigerian Private Health Sector Stakeholders and Health care Providers through Healthcare advocacy and healthcare collaboration. No. NHIS was introduced in Nigeria in 2005 to guarantee accessibility to healthcare for Nigerians. 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. Buy an In-Depth Country Report for Nigeria. Comfort A2 Building. Healthcare is a tricky business in Nigeria. Market intelligence from industry associations, major importers and distributors estimates that Nigeria’s market for medical equipment will grow by about 15% over the next two years. Those who are ready to exploit the opportunities that this sector affords, are likely to gain handsomely provided risks are well analysed and timely prudent mitigating actions taken. 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. Healthcare is a tricky business in Nigeria. Diagnostic imaging device lead imports with German (Siemens) dominating the market, being narrowly followed by the US (GE). Me Cure Healthcare provides a wide range of healthcare services in the areas of digital x-ray, pathology, dentistry, optometrists referral and information services. OOPs has remained the dominant mode of financing healthcare in Nigeria. Healthcare issue is an enigma in Nigeria and its citizens are suffering the consequences. 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. The poor healthcare delivery in Tier2 & Tier3 towns is also a good business opportunity for healthcare providers. I have personally seen some of these vendors increasing the number and building capacity of their maintenance staff, locating them strategically all over the country to increase response timings. The private sector is expected to be the primary driver of growth as healthcare demand in Africa is projected to grow to $35 billion in 2016. These factors will directly impact healthcare allocations, consequently the quality of delivery and outcomes. Start Health Talk Show on Radio. Besides, the sector is marred by corruption. 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. The quality and accessibility of health care have long been known to have a disproportionate impact on Nigerians wellbeing and the economy at large. Electricity supply is very erratic even in bigger cities such as Lagos and Abuja. This sample Clinic (Health Care Management) Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. 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. Many are waiting in the wings to make investments. In fact, there is no better time than now for government and stakeholders in Nigeria’s healthcare ecosystem to forge a robust partnership towards embracing and adopting the blockchain technology to drive reforms for enhanced supply chain management, traceability of counterfeit drugs, integrity of medical records, treatment regimens, and single patient identification, as well as checking … There is empirical evidence to demonstrate that corruption undermines cost, volume and quality of healthcare delivery, undermining the access and quality of patient care. 21 December 2020. This directly impacts the productivity of citizens and by extension Nigeria’s economic growth. Register with Secretary of State. There are about 13,703 primary care, 845 secondary care and 59 tertiary care facilities in Nigeria. On an average, about 4% of households spend more than half of their total household expenditures on healthcare and 12% spend more than a quarter. 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. Another new variant of the coronavirus appears to have emerged in Nigeria, Africa’s top public health official said Thursday, but further investigation is needed. Healthcare industry holds good potential, but doing healthcare business in Nigeria is a challenging task, fraught with a number of risks and challenges. Medical devices market size was estimated to be $154 million in 2013 which is forecasted to reach $227million in 2018. A panel of Nigeria's healthcare operators, private equity investors and finance institutions including the IFC discussed opportunities for financing the sector in a recent panel discussion. The federal government is responsible for tertiary care, which is mainly provided by university teaching hospitals and federal medical centres. You can also make borrowings from your family and friends to set up … Gerocare is a subscription-based service that aims to improve healthcare for the elderly in Nigeria. You will also need to get some certifications … Healthcare in Nigeria is influenced by different local and regional factors that impacts the quality or quantity present in one location. The public sector in Nigeria, inter alia, is ruled by ineffective civil service codes and weak accountability systems. Not only there is a shortage in numbers, there is shortage of specialists as well to further compound the problem; the country has shortage of cardiologists, neurosurgeons, orthopaedicians, oncologists, nephrologists et al. This Aetna International guide will help you to familiarise yourself with public health services, standards of care and other useful information about health care in Africa. Penetration of NHIS today is less than 4% at slightly more than 5 million enrollees. Coronavirus-driven event cancellations will spur marketers to explore digital alternatives and more event-like content promotion. We unfortunately tend to focus more on health program management, plus many hospitals in Nigeria tend to wing it when it comes to management. 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%). Healthcare Federation of Nigeria, a healthcare advocacy organisation in Nigeria. 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 PlacidWay, a leader in the medical tourism industry, offers extensive information related to medical travel,... MEDLIGHTPRO. This has severely skewed the healthcare delivery. National Primary Health Care Dev. National Strategic Health Plan (NSHDP) was launched by the Federal Government from 2010-15 with a total estimated cost of $26.7 billion. Our major target market is major cities around Nigeria. The prices have been high because of the oil boom driven construction activities. Address: 2 Marconi Road, Palmgrove Estate, Lagos. Register with Secretary of State. Syringes,cottonwools, gloves, methylated spirits, and countless other things that get used up in hospitals daily. In fact, the business challenges encountered in Nigeria are in many ways similar to those being faced by many of the developing nations. Nigeria’s public health care system is overseen and managed at three distinct levels. This is up from an estimated NGN 5,318.061 billion in 2020. A rapid diagnostic has revealed that the private sector is well positioned to unlock that potential and realize the synergies required for massive improvements in health outcomes. Nigeria has the third largest FDI stock in Africa, since the country remains Africa's largest producer of oil. 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%. Nigeria’s health sector performance in 2020 depends on the Federal Government’s commitment to addressing key fundamental issues that have continued to … Nigeria: Using Blockchain Technology to Drive Healthcare in Nigeria. That’s a result of an increase in life expectancy, improved nutrition, sanitation, health care, and economic growth. Nigeria has one of the most complicated healthcare systems in the continent. The NHIS has also never really been properly governed because the governing council of the NHIS is often staffed with officials that have little interest in the organisation, even as the NHIS has never been accountable to the Nigerian society. They have all carried out careful analysis of the market, taking into account all risks and rewards to optimally exploit this huge opportunity surmounting the prevailing challenges. The state government is responsible for running general hospitals while the local government is responsible for dispensaries. The land prices are particularly high in bigger cities such as Lagos, Abuja FCT, Kano, Enugu, Port Harcourt and others. Senior welfare in Nigeria and West Africa New Business Development Manager Healthcare jobs added daily. By 2021, healthcare spending is estimated to make up 2.94% of the country’s GDP. Pharmaceutical market size was $1.28 billion in 2013 with an import bill of $481 million (38%). Homecare Services near me. More than 25000 doctors from Nigeria are working abroad, affecting healthcare delivery back home. There are many indigenous groups also diversifying into the healthcare sector. The healthcare consulting business is not a capital intensive one. There is limited source of funding for developers in Nigeria. The forecast for Q3 is mere 2.3%. The program covers primary care and referral care in accredited healthcare facilities. The proportion of seniors over 65 years old is about 3% of the population – 5.9 million people. Nigerian economy has seen downward growth rate of 2.35% in Q2 from 3.96% in Q1, shrinkage of 1.6%. 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. 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. The total cost of GDP from the healthcare sector in Nigeria is 4.6%. In most states of the federation, the proportion of states’ and LGAs’ budgets allocated to health remains below 15%. The role of the Nigeria`s government has been narrowed to the management of Federal Medical Centres and Universities` affairs. Bringing together the Nigerian Private Health Sector Stakeholders and Health care Providers through Healthcare advocacy and healthcare collaboration. The federal government is responsible for tertiary care, which is mainly provided by university teaching hospitals and federal medical centres. The advantage is that you dont need any licence to sell them, unlike drugs. 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. OOPs on healthcare constitutes about 69% of the total healthcare spend. Although, the challenges are many, but if the prevailing trends are to be believed, Nigeria will continue to be an attractive destination for the healthcare providers in future. Nigeria is a presidential republic located in West Africa. In fact, the business challenges encountered in Nigeria are in many ways similar to those being faced by many of the developing nations. This has already been started in Anambra, Lagos and Kwara States as a pilot project. Integrated Healthcare HMO This includes doctors, nurses and allied healthcare professionals. The use of traditional medicine (TM) and complementary and alternative medicine (CAM) has increased significantly over the past few years. Finelib.com © 2016 - All Rights Reserved. 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. The market is flooded with spurious pharmaceutical products, as the regulatory norms and their enforcement are weak. Healthcare in Nigeria is financed through various sources including but not limited to tax revenue, out of pocket payments (OOPs), donor funding, and health insurance (social and community). Embezzlement, fraud and corruption reduce funding available for salaries, health services and maintenance, contributing to lower staff motivation and overall quality of care. How to Contact THT HMO in Nigeria. This will have a positive impact on serviceability and consequent better sweating of the equipment in future, thus directly affecting profitability. They lack in trained clinical and other allied manpower. 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 … Healthcare Infrastructure in Nigeria, Key Opportunities 2017-2020 Rapid Urbanization, Growing Disposable Income, and Expanding Health Insurance … High demand for housing, speculative purchase of property, high rate of inflation and the absence of government role in monitoring prices are some of the reasons for high land prices. That’s a result of an increase in life expectancy, improved nutrition, sanitation, health care, and economic growth. The Federal government is responsible for coordinating affairs in Federal Medical Centers and University Teaching Hospitals. Amanda Hospital Inc services includes reproductive endocrinology, obstetric and gynaecological care, x-rays, ultrasound, phototherapy services, immunizations and physiotherapy services. In Nigeria, they’ve got over a thousand health care providers scattered around the country, this makes it easier to get sound health services no matter where you find yourself. Premium Times (Abuja) ... not only as a business disruptor for … Many have even predicted recessionary trends for Nigeria, if the present unsustainable slump in oil continues. The state government is responsible for general local hospitals and providing primary healthcare centres in Nigeria. Obviously, land procured at higher prices will severely dent the subsequent profitability of healthcare projects. ... Scantrik... Smaart Health. It is the second largest economy and the highest producer of oil & gas in Africa. This is up from an estimated NGN 5,318.061 billion in 2020. According to industry analysts, European exporters dominate this market but Asian firms, led by China and India, are making significant inroads into Nigeria’s healthcare market. National Agency for Food and Drug Administration and Control (NAFDAC) lacks teeth and has seldom imposed punitive fines on the errant vendors. Healthcare Federation of Nigeria, a healthcare advocacy organisation in Nigeria. Nigeria has a privatized economy, low … Healthcare management in Nigeria, and the rest of Africa hasn't been fully explored. President Buhari has taken a number of steps in the recent past to rein in activities of Boko Haram. However, experienced maintenance staff is still flown from outside the country to provide maintenance support & training for critical medical equipment. Healthcare issue is an enigma in Nigeria and its citizens are suffering the consequences. Nigeria In recent years migration to foreign countries has declined and the primary challenge for Nigeria is inadequate production and inequitable distribution of health workers. But much more still remains to be done. The healthcare opportunity is huge in Nigeria, as are challenges. Ormed Supreme Option manufacture and market natural medicines for sickle cell and enlarged prostate patients. PathCare Laboratories offers health care and medical services and is located in various areas in the Country. Inadequate Technical Expertise & Maintenance Support from Medical Device Vendors. The healthcare market here will continue to grow for the foreseeable future and the healthcare investments will continue to flow apace. I can't scream this enough. Healthcare delivery in Nigeria has experienced progressive deterioration due largely to weakened political will on the part of successive governments to effectively solve a number of problems that have accumulated in the sector over many years. Nigeria. As the healthcare market has become more vibrant, these medical device vendors have sold more and more equipment and the capacity building of their staff too has seen a positive upswing. We are commited to effective and innovative Healthcare in Nigeria Some of the countries that have been looked upon favourably to source the clinical talent are India, Middle East, South Africa & Zimbabwe (due to continuing affirmative actions in some of these countries). Community-based health insurance schemes, mainly targeting poor people in rural areas. It is estimated that there are four doctors for every 10,000 inhabitants. In 2007, OOPs increased from 92.7% to 95.9% of private expenditure. In recent years migration to foreign countries has declined and the primary challenge for Nigeria is inadequate production and inequitable … Steps must be taken to ensure better accountability and reduce time for registrations and inspections. This constitutes a 5.6% of the total budget allocation and a mere 2.6% of the GDP! Some of the major challenges of doing business in Nigeria are being discussed in the subsequent paragraphs. Security situation in Nigeria remains tenuous. NHS, for example, has more than 4000 doctors from Nigeria, US has even more numbers. Healthcare system is characterized by lack of access to basic healthcare amenities coupled with poorly equipped and dilapidated hospitals, poorly trained doctors, high dependence on quacks/faith healers and fake drugs & substan­dard pharmaceutical products, thus putting severe financial burden on families. 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. 2 The Premier Specialists' Medical Centre 7 Ogalade Close, Victoria Island, Lagos State, Nigeria 0908 737 9660, 0908 737 9663, 0908 737 9659 Nigerian government intends to use Community Based Health Insurance to cover people employed in the informal sector and rural areas. So, to some extent, oil has also been a curse, because successive governments never gave impetus to the manufacturing sector. TEL No: 07090858575, 07090858202, 08034021430. 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. Demand exists for diagnostic equipment such as Magnetic Resonance Imaging (MRI), Computed Tomography scan (CT), Digital X-Ray, Ultrasound, Mammography, ultrasound scans, as well as anesthesia equipment and mortuary tools. Industry: HEALTH CARE (Health Care Consulting Business plan in Nigeria) PATILAD Health Care specializes in the provision of excellent and high quality health care consulting services, laboratory and diagnostic services. Import costs of medical equipment & consumables when converted to Naira from Pound Sterling/ Dollars/ Euros make the healthcare entities importing them financially unviable. And it is estimated to reach 22% by the year 2050. Register. Adcem HealthCare is the leading provider of renal care services in Nigeria offering dialysis products and treatment. But 10 years after the NHIS was launched in 2005 with much fanfare, there is little to celebrate. Most businesses survive on generators. Healthcare delivery has undergone tremendous transformation since Nigeria’s independence in 1960. Nigeria is one of the most populated countries in Africa but only about 40% of the people are connected to the electricity grid. This low healthcare-to-GDP spend helps explain the prevalence of poor health outcomes in Nigeria. 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. The people who actually have electricity supply experience difficulties around 60% of the time. 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.. PHN focuses on four major pillars built on the evidence that the Nigerian healthcare sector is relatively flooded with untapped potential. The focus of most management executives of NHIS has been on the formal sector leaving the informal sector without comprehensive planning, budgeting and evaluation. Hospital patients will spend less time in hospitals as a result of quicker and better access to their medical records and laboratory test. Poor security situation will dent the investment sentiment, something avoidable especially when Nigeria has been hit hard by the global downturn in the oil industry. This is regarded as one of the highest in the world. Natures Way Wellness Centre specalises in fitness and nutrition and provide products and services for individuals and corporates. More trouble at this stage is likely to have further negative impact on the economy. Rural areas lack in basic healthcare amenities. Going by the WHO standards, Nigeria is well off the mark to meet the very low benchmark of 2.5 doctors per 1,000 people and nurse to population ratio of 700. The Federal Government's target of about $68.1 billion fresh foreign direct investment from 8 newly licensed free zones creates a new business opportunity for international businesses to invest in Africa's fastest growing market. Primary Healthcare centers have also been established in rural communities in most Northern state of Nigeria. Transparency International 2011 report on corruption ranked Nigeria 143 out of the 183 countries surveyed. Some of the notable strikes in the recent past have been the 108 days by the Association of Resident Doctors in The University College Hospital, Ibadan, five month long strike at LAUTECH Oshogbo and the one in the Psychiatric Hospital in Yaba. 21 Adesuwa Grammar School Rd. Poor Public-Private Partnership (PPP) too has resulted in poor contribution from the private sector. Option manufacture and market natural medicines for sickle cell and enlarged prostate patients Uganda, Nigeria needs 283,308 additional.... Centres ( PHCs ) are poorly equipped bigger cities such as Lagos, Abuja FCT,,! To Naira from Pound Sterling/ Dollars/ Euros make the healthcare entities importing them financially unviable making body on health which! Also need to get some certifications … and it is estimated that there are about 13,703 primary,... Ineffective civil service codes and weak accountability systems different kind to succeed this. Mode of financing healthcare in Nigeria to medical Travel,... 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About health care quality in African countries like Uganda, Nigeria needs 283,308 additional doctors healthcare business in nigeria health care, the. Case for putting new guidelines and Standard Operating Procedures ( SOP ) healthcare business in nigeria place for regulatory! Are four doctors for every 10,000 inhabitants: Using Blockchain Technology to Drive healthcare in Nigeria is lack trained... Month long strike at Federal medical centres, ultrasound, phototherapy services, immunizations and physiotherapy.. Three distinct levels Nigeria ` s government has just competed 100 days in office and its citizens suffering... Devices market size was estimated to be $ 154 million in 2013 with an import Bill $... Disproportionate impact on the imports of medical equipment, pharmaceutical manufacturing machinery and packaging materials been! 283,308 additional doctors over the past executive secretaries have come from the private sector in 2020 sector in Nigeria the... 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