Economic hardship forces 50% of Nigeria’s private hospitals to close over operating costs

The severe economic strain in Nigeria has led to the closure of over 50% of private hospitals while others struggle with skyrocketing operating costs, according to the Guild of Medical Directors (GMD).

Dr. Raymond Kuti, the GMD president, stated that private healthcare facilities are facing unsustainable expenses, particularly for energy and imported medical supplies.

He noted that the healthcare workforce in Nigeria is thinning due to the “japa” wave, which leaves hospitals with critical staff shortages.

According to him, economic hardships have led many patients to avoid or delay hospital visits, often turning to self-medication or alternative remedies instead.

Dr. Kuti called for government intervention, stressing the need for support to sustain the private sector, which is crucial in meeting Nigeria’s healthcare demands.

“Averagely, three out of six private hospitals are shutting down every month in Nigeria, and this trend is primarily driven by the challenging economic environment.

“The cost of consumables has increased by a staggering 500 per cent. People are struggling to afford healthcare, which leads to a delay in seeking necessary medical attention.

“We need the government to recognise the challenges we face and provide the necessary support to ensure that private hospitals can continue to operate and serve the community,” he told Punch.