{"id":97384,"date":"2021-10-24T06:52:55","date_gmt":"2021-10-24T05:52:55","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=97384"},"modified":"2021-10-24T06:57:10","modified_gmt":"2021-10-24T05:57:10","slug":"medical-tourism-straining-nigerias-foreign-reserves-emefiele","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/10\/24\/medical-tourism-straining-nigerias-foreign-reserves-emefiele\/","title":{"rendered":"Medical tourism straining Nigeria&#8217;s foreign reserves &#8211; Emefiele"},"content":{"rendered":"<p>Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that medical tourism puts a huge strain on the country&#8217;s foreign reserves.<\/p>\n<p>This disclosure was made by the CBN governor at the launch of Duchess International Hospital, a newly built 100-suit health facility located in Ikeja, Lagos.<\/p>\n<p>Emefiele\u00a0called on private sector operators to invest in medical facilities to improve access to healthcare in the country.<\/p>\n<p>\u201cMedical tourism puts a huge strain on our foreign reserves, and more importantly, for every $1bn allocated to medical treatment abroad, there is less than $1bn that could be available to other critical sectors of our <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/10\/10\/acf-high-interest-rates-will-kill-nigerias-economy\/\">economy<\/a>,\u201d he said.<\/p>\n<p>\u201cAs part of this effort, the CBN and select private sector stakeholders supported COVID-19 intervention initiatives through CACOVID.\u201d<\/p>\n<p>To drive the recovery of Nigeria\u2019s economy, the CBN governor said the monetary policy recognised that while the interventions in the manufacturing sector were essential, it was also important to continue to give support to the medical sector.<\/p>\n<p>\u201cWhen we started <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/10\/22\/banks-reportedly-make-covid-19-vaccination-compulsory-for-staff\/\">COVID-19<\/a> intervention initiatives, the CBN set aside N100bn to support the healthcare sector, but upon the rise in demand, we have disbursed N107.7bn, supporting 114 healthcare projects which include medical diagnostics, pharmaceuticals, dental services, eye clinics both private and public hospital \u2013 just to mention a few,\u201d he said.<\/p>\n<p>Emefiele said the CBN had earmarked N100 billion to support the healthcare sector but the monetary policy committee said it should move it further up to N200 billion.<\/p>\n<p>\u201cWe would continue to do whatever can be done to support healthcare,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that medical tourism puts a huge strain on the country&#8217;s foreign reserves. This disclosure was made by the CBN governor at the launch of Duchess International Hospital, a newly built 100-suit health facility located in Ikeja, Lagos. Emefiele\u00a0called on private sector operators to [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":94122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[658,20586,3108,4168],"class_list":["post-97384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-cbn","tag-foreign-reserves","tag-godwin-emefiele","tag-medical-tourism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Medical tourism straining Nigeria&#039;s foreign reserves - Emefiele<\/title>\n<meta name=\"description\" content=\"Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that medical tourism puts a huge strain on the country&#039;s foreign reserves.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/10\/24\/medical-tourism-straining-nigerias-foreign-reserves-emefiele\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medical tourism straining Nigeria&#039;s foreign reserves - Emefiele\" \/>\n<meta property=\"og:description\" content=\"Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that medical tourism puts a huge strain on the country&#039;s foreign reserves.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/10\/24\/medical-tourism-straining-nigerias-foreign-reserves-emefiele\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-24T05:52:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-24T05:57:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/10\/adewale_chocomilo\/2021\/10\/16\/images-4.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"742\" \/>\n\t<meta property=\"og:image:height\" content=\"413\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OChocomilo\" \/>\n<meta name=\"twitter:site\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sodiq Lawal Chocomilo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/10\\\/24\\\/medical-tourism-straining-nigerias-foreign-reserves-emefiele\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/10\\\/24\\\/medical-tourism-straining-nigerias-foreign-reserves-emefiele\\\/\"},\"author\":{\"name\":\"Sodiq Lawal Chocomilo\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/db8593431a99b3751c40316ba4b4a452\"},\"headline\":\"Medical tourism straining Nigeria&#8217;s foreign reserves &#8211; 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