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Economy: Lagos budgets N151.66 billion for health in 2024, 1.5 % higher than 2023

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The Lagos state government allocated N151.66 billion in 2024, 1.5% more than the N149.353 billion allocated in 2023, for the state’s health sector.

The health sector receives 6.75 percent of the N2.246 trillion Lagos state budget for the 2024 fiscal year.

The Lagos State Ministry of Health, the Primary Health Care Board, the University Teaching Hospital, the College of Medicine, the State Health Management Agency, the Board of Traditional Medicine, the College of Nursing and Midwifery, the Health Monitoring and Accreditation Agency, the Blood Transfusion Service, the Accident and Emergency Center, the General Hospitals and Maternity Care Facilities, and the Health Service Commission would all receive funding from the 2024 healthcare budget after it has been discussed and approved.  According to the Lagos state governor, Babajide Sanwo-Olu, the 2024 budget titled The Budget of Renewal builds on previous budgets from four years prior.

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He disclosed that the health agenda is focused on infrastructure, the welfare of personnel, and access to affordable and quality services, especially for the poorest and most vulnerable people.

Sanwo-Olu revealed that with the 2023 health budget, a new 280-bed unit at the Ojo General Hospital is under construction to accommodate the growing needs of the community while renovation and remodeling works at five general hospitals are near completion.

The state established new doctors’ quarters at the Lagos State University Teaching Hospital and Isolo General Hospital with similar projects at two general hospitals still ongoing.

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The seven-storey, 150-bed, New Massey Children’s Hospital when completed would be the largest children’s hospital in West Africa.

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The state also built and completed 10 triage and oxygen therapy centres. New ambulances were purchased including a new floating clinic or ambulance boat for immediate rescue of victims of boat accidents.

He revealed that the state is introducing a health insurance and endowment fund for vulnerable and disadvantaged Lagosians known as Eko Social Health Alliance under the Lagos State Health Scheme.

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