Nigerian Economic Summit Group Advocates for Health as an Economic Investment .This statement was made by the group’s Chief Executive Officer (CEO) Designate, Mr. Tayo Aduloju, during a media conference held in Abuja.

The Nigerian Economic Summit Group (NESG) has emphasized the importance of viewing health as a critical investment and a driving force for economic growth. Aduloju pointed out that evidence suggests that in developing nations like Nigeria, every dollar allocated to health results in an economic return ranging from two to four dollars. Despite this potential, Nigeria grapples with alarmingly high maternal mortality rates, with over 50,000 women losing their lives annually due to pregnancy-related complications. The estimated maternal mortality ratio of the country stands between 500 and 1,047 deaths per 100,000 live births, far exceeding the global target of 70 deaths per 100,000 live births.

He emphasized that maternal mortality serves as a crucial indicator of a nation’s health system and underscores the need for continued efforts to enhance health outcomes for all citizens.

Aduloju stressed the significance of gender equity, trade, and inclusive health policies and programs in fostering sustainable development. He highlighted the transformative potential of trade, which can impact individuals, communities, and entire nations.

Health, encompassing physical, mental, and social well-being, is a cornerstone of human development. Aduloju asserted that a nation’s overall progress, labor productivity, and economic growth are substantially influenced by the intersection of trade and health. Factors such as rising healthcare costs, inadequate infrastructure, limited access to essential medicines, and the emigration of healthcare professionals continue to hinder physical and financial accessibility to healthcare services.

In light of these challenges, the Policy Innovation Centre (PIC), an initiative of NESG, has organized a two-day event titled the Gender and Inclusion Summit 2023. The summit aims to explore strategies for advancing gender equality and inclusion through the leveraging of trade for economic participation, reducing inequalities, improving access to opportunities, and innovative approaches to bridging healthcare financing gaps.

Mrs. Osasuyi Dirisu, the Executive Director of PIC, emphasized that the summit will serve as a platform for inclusive dialogue with various stakeholders. It will amplify the voices of the most vulnerable populations and foster the co-creation of innovative solutions to address inequality gaps in the country.

The summit, themedBuilding Bridges: Advancing Gender and Inclusion through the Intersection of Trade and Health,” is scheduled to take place on November 28 and November 29 in Abuja. The event promises to be a pivotal moment in advancing gender inclusivity and addressing critical health challenges in Nigeria.