Money Making opportunities in Nigeria Health care Sector

Despite numerous reforms, Nigeria’s healthcare industry’s contribution to GDP over the past five years has remained relatively low, at less than 1%. In 2021, the healthcare industry’s GDP was ₦475.5 billion, a 0.2% increase from ₦474.8 billion in 2020. These figures point to the Industry’s underperformance, which is caused by, among other things, poor infrastructure, insufficient budget allocation, medical brain drain and outbound medical tourism. The demand for healthcare services has exceeded the capacity of existing healthcare facilities and infrastructure, resulting in an industry deficit

Healthcare infrastructure in Nigeria is still underdeveloped and lacks modern medical facilities. The country’s healthcare indicators are some of the worst in Africa. It has one of the fastest growing populations globally with 5.5 live births per woman and a population growth rate of 3.2% annually. It is estimated to reach 400 million people by 2050, becoming the world’s third most populous country. Medical professionals are in short supply, with only about 35,000 doctors despite needing 237,000, according to WHO figures, partially due to the massive migration of healthcare workers overseas. Nigeria loses at least $2 billion every year to medical tourism, according to the Nigerian Medical Association (NMA). India accounts for more than half of this outflow.

Nigerian medical professionals in the diaspora are also making investments in the country’s healthcare sector.  They are opening specialist hospitals to provide care to patients with cancer, heart, and renal problems.

Most Nigerian hospitals still store patient records manually using traditional paper methods. This indicates a good market opportunity for simple and affordable electronic medical record (EMR) systems. Medical expertise remains in short supply. Therefore, medical training and education services will do well. Prospects are also emerging in hospital administration, management, and consulting services. Some innovative Nigerian companies have also identified this opportunity and are moving into the space.

The trainings are mostly conducted by self employed master-craft-men and women in the Health Sector.

After completing a training program, a certificate of participation would be issued to the attendees, verifying their attendance and involvement in the Practical Training.

After the training you have the option of marketing your product and services through the social media platform

Digital marketing has become an essential part of contemporary business operations in Nigeria. With the proliferation of internet-enabled devices and social media platforms, businesses can now reach a wider audience than ever before. Digital marketing involves creating and sharing content through digital media channels to promote brands, sell products or services, and engage with customers. In Nigeria, digital marketing has evolved significantly in recent years, and businesses are leveraging various digital channels to reach their target audiences.

After the practical training our in house digital marketing expert will assist you and take your new Business to the next level this will presents a significant opportunity for your company to reach a large and growing audience.

Nigeria accounts for 60% of the health products consumed in the Economic Community of West African States (ECOWAS) by volume and with an estimated population of about 600 million, it represents a huge potential market for investors. According to the May 2023 report from the National Bureau of Statistics, the health sector in Nigeria saw a growth rate of 3.20% in Q1 2023, marking a decrease from the 13.35% growth reported in the same quarter of 2022.

Here is the business opportunity in the Nigeria Health Sector

Professional Pest control and Fumigation Business		The prevalence of pests and rodents in many homes and workplaces in the country today has increased the demand for fumigators and their services over time. Fumigation operators are needed everywhere. They are needed by food processing companies, diary factories, confectionaries, large farm, government and factories dealing with perishable goods and raw materials Pest & Fumigation
How to Start a Herbal Medicine Business in Nigeria - A Stepwise Guide		With the growing demand, the global market for herbal medicine sales is $ billion annually, growing steadily. You can now make money from a home herbal business by setting up a lucrative herbal home-based businessHerbalmed
How to Start a lucrative Gym or Fitness Center in Nigeria		The fitness industry has produced quite a number of millionaires. And with the continuous demand for fitness trainers and instructors, there is an endless opportunity for those willing to join the industry. The importance of fitness on healthy life is growing fast, and as the saying goes, “Health is wealth” Gym&FitnessCenter
Diapers and Sanitary Pad Business		Starting a diaper and sanitary pad business could be a good decision. The massive demand for diapers and pads across the country is not an income you should let pass you by. Even if a particular brand is the Selling today, other brand will sell if you market the product well.Diapersnsaniarypad
Pharmaceutical Company		by taking the right steps, hiring the right team and using the right equipment, you’ll be well on your way to running a successful company.Pharmcompany
Medical Laboratory		the industry holds strong growth prospects driven by rising healthcare awareness, increased health insurance coverage and stronger regulations.Medicallab
Medical Equipment		The demand for quality medical devices and hospital equipment in Nigeria is growing rapidly driven by investments in healthcare infrastructure, advancement of clinical capabilities, and increasing incidence of chronic diseasesMedicalequipment
Private Hospital		Hospitals make money through consultancy charges, the bills they hand out to patients at the end of their stay in the hospitals and possibly the additional amount they add to drugs sold in their own pharmacies. Hospital
Physiotherapy Practice		While the physiotherapy field is still developing in Nigeria, growing demand and advances in speciality areas like sports physiotherapy, geriatric care and paediatrics make it an attractive sector for entrepreneurs.Physiotherapy
Sex Shop		Due to the improvement in people's quality of life and the increasing acceptance and openness of people's sexuality, sex toys are no longer considered taboo or shameful, but a normal part of human sexuality. It is for these reasons that the sex toy industry has grown significantly.Sexshop
Vetenary Clinic Business		it would be wise to begin by getting an apprenticeship or job with an established veterinarian or veterinary hospital. The key is to sharpen up your skills and gain practical knowledge so you know exactly where you are starting from.Vetclinic
Stretch Mark Removal		Discover the secrets to making your own stretch mark removal products that are safe & effective with easy-to-follow recipes and step-by-step instructions, you'll be able to create your own products.Stretchremoval
Skincare Center		aspiring entrepreneurs looking to embark on this exciting journey, remember that passion for skincare and business ownership can be a powerful driving force. With dedication, creativity, and a commitment to excellence, you have the potential to carve out a unique space in the skincare market and make a lasting impact. Skincare
Maternity fashion line		As society becomes more fashion-conscious, pregnant women are seeking stylish and comfortable clothing options that cater to their changing bodies. This presents a unique opportunity to establish a maternity wear production business and tap into this growing demand.Maternitycloth
Home Health Care		As Nigeria’s population ages and the prevalence of chronic diseases increases, the demand for home healthcare services is rapidly rising. Starting a home healthcare agency can be a lucrative business opportunity for entrepreneurs who want to tap into this growing industry.Homehealthcare
Teeth Whitening Service		Tooth whitening is a great business because of the low investment and high profit margins. You can get started for under N10M   and charge around N70K to N100K per customer. This means that you could pay off your investment very quickly Teethwhitening
Retirement Home services		Senior care homes are residential facilities that provide housing and care services for older adults, who may require assistance with daily activities, such as washing, dressing and eatingRetirementhome
Egg Donor		Being an egg donor is something you can do. The procedure is relatively safe and the turnover time for making the money is good. As long as you keep going to reputable clinics and following the instructions of health professionalsEggdonor
Mental Health Counselor		While starting a mental health private practice can be personally and professionally rewarding, it can come with a learning curve — especially if you’re not familiar with the fundamental steps. Taking the time to understand the business aspects involved and to do things well is definitely worthwhile.Mentalhealth
Sperm Clinic		Ever dreamed of starting a business that's not just profitable but also contributes massively to the fabric of society? Well, launching a Sperm Clinic could be that exhilarating venture you're searching for! It's not just about opening doors; it's about creating opportunities, hope, and new beginnings for countless individualsSpermclinic
First Aid Training		Taking that first step to starting your own business can feel daunting, but it is a step that is well worth taking. If you want to start your own training business, you need to be strategic about how you start your business and maintain its brand. Firstaid
Sperm Donation		There are a number of hospitals and fertility centers across Nigeria where you can go to donate sperm. Just do proper research to find a good one close to you.Spermdonor