The Guild of Medical Directors (GMD) has issued a stark warning about the deteriorating financial health of Nigeria’s private healthcare sector, revealing that more than 50% of private hospitals have shut down amid soaring operational costs, with those remaining open struggling to survive.
GMD President, Dr. Raymond Kuti, explained in a recent interview that escalating costs of essentials such as electricity and imported medical supplies have left many private hospitals on the brink. “On average, three out of every six private hospitals in Nigeria are closing each month due to the harsh economic conditions,” he noted. Dr. Kuti highlighted that operational expenses have risen dramatically, particularly impacting larger hospitals, some of which have seen costs skyrocket by as much as 500%.
The crisis has been compounded by the “japa” trend, a wave of young healthcare professionals emigrating for better opportunities, exacerbating staffing shortages and leaving private hospitals struggling to maintain services. Additionally, financial pressures have led many patients to delay seeking medical care or rely on self-medication and traditional remedies instead, further reducing hospital patronage.
Dr. Kuti, who also serves as Chief Medical Director at Prisms Health Care Limited, appealed for urgent government intervention to support private healthcare facilities, which he said are vital to Nigeria’s health system. “We need the government to acknowledge the serious challenges we’re facing and offer the necessary support to keep private hospitals operational,” he urged, emphasizing that the survival of these facilities is crucial to maintaining healthcare access across the country.
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