A review of 2021 approved budget indicates that Nigeria may be spending just a little over N200 for the healthcare of each citizen.
At a time of health crises, never seen before, the federal government has deemed it fit that with N227 it would be enough to provide for the monthly healthcare of each of the estimated 200 million Nigerians.
The share of healthcare spending for 2021 is N547 billion, 4 percent of the budget’s total of N13.58 trillion.
This meager share is a far cry from the 15 percent agreed by African countries in 2001 on healthcare spending to total budget.
The amount comprises N380.21 billion for recurrent expenditure and N132 billion for capital projects. There is also N35.03 billion Basic Health Provision Fund, which includes funds for managing emergencies and infectious diseases such as the COVID-19.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Latticework Capital Management Announces Investment in Beacon Behavioral Hospital, a Leading Provider of Mental Health Treatment Programs
January 12, 2021 GMT
DALLAS (BUSINESS WIRE) Jan 12, 2021
Latticework Capital Management, a Dallas-based private equity firm focused on partnering with entrepreneurially-minded management teams to build leading healthcare companies, announced today that it has made a strategic investment in Beacon Behavioral Hospital (“Beacon”), a leading provider of mental health treatment programs. Headquartered in Baton Rouge, Louisiana, Beacon is one of the largest and most established psychiatric treatment providers in Louisiana. Beacon currently has inpatient and intensive outpatient programs that provide treatment services to those struggling with mental health disorders.
ORI Capital exits Kymab in $1.1b deal with Sanofi, hits first close of $400m second fund Premium
ORI Capital, a Hong Kong-based healthcare sector-focused investment firm, announced that it has exited biopharmaceutical firm Kymab, the largest investment in its first healthcare fund, in a $1.1 billion deal with Sanofi.
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When the Affordable Care Act (ACA) was passed in 2010, an employer mandate to provide health insurance was included and originally slated to take effect.