Minister of Information and Culture, Lai Mohammed has revealed that Nigerians spend between $1.2 and $1.6 billion (N664bn at 415/$) on medical tourism annually.
The Minister disclosed this during a guided tour of Duchess International Hospital in Lagos on Tuesday.
He stated that this had been a drain on the country’s foreign reserves.
He, however, said the federal government was determined to stop the trend through several health interventions and provision of the enabling environment for private-sector driven enterprises like Duchess to thrive.
He disclosed that the federal government, through the Nigerian Sovereign Investment Authority (NSIA), invested $5.5 million each in two diagnostic centres in Kano and Umuahia, and another $11.5 million in the NSIA-LUTH Cancer Centre in Lagos.