The Minister of Health Isaac Adewole on Tuesday canvassed for increased consumption taxes on harmful products like alcohol and tobacco.
Adewole made the call on Monday at ThisDay Newspapers Healthcare Financing Policy Dialogue, in Abuja while delivering his speech at the occasion.
The minister said Nigeria has the lowest health budget in the world saying the monies realised from hiking the price of alcohol and cigarette could be used for funding healthcare in the country.
He stated that in 2016, the government health expenditure was 0.6% as a share of GDP or just $11% per capita, stressing that below regional and lower middle-income averages and the recommended $86% per capita for low and middle-incomes, Nigeria’s benchmark needed to deliver a limited setback for key health services.
According to him, “As a result, OOP spending accounts for 75.2W% of total health expenditure-among the highest in the world –and 25% of households spend more than 10% of their household consumption health; a sign that more people are prone to poverty traps if they fall ill, for a country of our size this is not acceptable.”