Health Sector Contributes 5% To GDP, Say Experts


News: Experts estimate that the contribution of Nigeria's health sector towards the national gross domestic product (GDP) is 5%. In comparison, the South African health sector's contribution to national GDP is estimated to be 8.5%. The healthcare industries of countries like South Africa are very well established, while Nigeria's domestic healthcare falls far short, according to Lagos State Ministry of Health's Permanent Secretary Femi Olugbile. Olugbile took into account the healthcare industry in terms of both internationally sellable services and production of medical equipment and consumables. Olugbile said: 'All the countries have a relatively easier climate for Healthcare manufacturing than Nigeria, including infrastructure and the ease of doing business is better in all the countries', reports Business Day Online.

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Related sectors of this article: Pharmaceuticals & Healthcare, Healthcare
Geography: Nigeria