The Punch
Nigeria Loses Over $1.1 Billion Annually Due to Malaria Epidemic, Health Minister Reveals
Nigeria loses over $1.1 billion annually due to the economic impact of malaria, according to Health Minister Prof Muhammad Pate. The loss is estimated to exceed Nigeria's Gross Domestic Product.
Nigeria is facing a significant economic burden due to malaria, with an estimated annual loss of over $1.1 billion to its Gross Domestic Product (GDP). According to Health Minister Prof Muhammad Pate, this substantial financial impact results from the ongoing prevalence of the disease in the country. Malaria has been identified as a major drain on Nigeria's economy, with its effects felt across various sectors and industries. The government is likely to take steps to mitigate this economic loss and reduce the spread of malaria in the nation.
Brief written with AI from reporting by The Punch. All rights to the original story belong to the publisher.