Nigeria, Africa’s biggest economy at $495 billion, spends just 3.75 per cent of Gross Domestic Product (GDP) on healthcare, compared with 4.8 per cent in Kenya, 8.11 per cent in South Africa and 13.42 per cent in Sierra Leone.
As a consequence of under-investment, bringing Nigeria in line with the world average of 2.7 beds per 1000 people would require 386,000 more beds and entail a massive $82 billion investment in healthcare real estate assets, according to Knight Frank’s Healthcare Consulting Team.
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