for a long time to come.
“Similarly, medical treatment abroad has incurred around US$11.01 billion in costs during the same period. Consequently, over the past decade, foreign exchange demand for education and healthcare has totalled nearly US$40 billion. Notably, this amount surpasses the total current foreign exchange reserves of the CBN. Mitigating a significant portion of this demand could have resulted in a considerably stronger naira today,” he said.
The Centre, an initiative by African Export-Import Bank , entails the implementation and operationalisation of a 500-bed quaternary level medical facility that will offer a wide range of services and specialisations including oncology, cardiology, hematology, and general care capabilities. His words: “In recognition of the huge challenge we face as a country, especially in the area of life sciences, medical sciences and the huge foreign exchange expended annually on medical tourism to so many countries on the globe, this is a welcome development.
for a long time to come.