The Nigerian President, Bola Ahmed Tinubu has has unveiled the Nigerian Health Sector Renewal Investment Initiative through the Federal Ministry of Health and Social Welfare to ensure health coverage in the country.
According to the President, prioritizing the health sector through massive investment and allocation of funds is one of his agenda in 2024.
At the enveiling of the Nigeria’s Health Sector Renewal Investment Initiative and the signing of the Health Renewal Compact by Federal, State Governments and Development Partners which was held in Abuja on Tuesday, the President announced a plan for total revamping of the equipment, infrastructure and retraining of front line health workers.
This mission according to the President is set to commence in 2024. Also, address the issue of high cost of healthcare, the President said the Basic Health Care Provision Fund (BHCPF) will be redesigned to enhance access to essential healthcare services as outlined in the National Health Act (2014).
According to Prof. Muhammad Pate, the Coordinating Minister of Health and Social Welfare the President’s initiative to revolutionize the healthcare value chain will result in Nigeria progressively producing a larger proportion of its generic drugs, medical devices, and related components, including vaccines. This move is anticipated to diminish reliance on those primarily interested in capitalizing on the country’s markets.
