HEALTH CARE FINANCING AND ECONOMIC GROWTH: NIGERIAN PERSPECTIVE
Abstract
The thrust of the study is to examine the effect of health care investments and financing on economic wellbeing. To achieve this, the researchers analyzed secondary data from the Central Bank of Nigeria's annual statistical bulletins from 1987 to 2020. The data collected were analyzed using the correlation and multiple regression analytical technique. The results from the analysis reveals that government capital expenditure on health and gross fixed capital formation have a positive significant relationship on economic wellbeing in Nigeria, while government recurrent expenditure on health shows a negative significant impact on economic wellbeing for the period. Based on these findings, it is recommended that the government prioritize investing in the health sector, allocate more funds to capital expenditures, and implement the National Health Insurance Scheme across all tiers of government to improve economic wellbeing and overall healthcare delivery in Nigeria