Escalating costs of drugs and hospital consumables are reshaping Nigeria’s healthcare financing landscape, forcing hospitals to raise service tariffs and compelling Health Maintenance Organisations (HMOs) to increase premiums significantly.
These adjustments, driven by inflationary pressures, surging import costs, and rising overheads, have shifted more financial burden to consumers, many of whom now struggle to afford quality healthcare.
Between 2024 and 2025, health insurance premiums have risen sharply across nearly all categories, with increases ranging from 8% on the lower end to as high as 59% for top-tier plans.