The external resources for health in Nigeria have shown a steady increase from 2013 to 2023, with an expenditure of 7.59 units by 2023. From a year-on-year perspective, there has been a consistent growth with slight fluctuations, and a particular stabilization after 2015. The last two years (2022 and 2023) showed a growth of 1.77% and 1.70% respectively. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.84%, indicating a moderate but steady increase.
Future trends to watch for include the continuation of this growth trend with a forecasted 5-year CAGR of 1.2%, and a forecasted growth rate of 6.13% by 2028. It will be critical to monitor economic factors, global health aid trends, and policy changes impacting health expenditure in Nigeria.
