The World Bank has predicted that Nigeria may not be able to fund its share of the COVID-19 vaccine rollout, investing in better preparedness to protect against future crises.
The Bank said so in its report, titled: ‘From double shock to double recovery: widening faults’.
He said governments should make bold choices to avoid cuts in public health spending and progress towards the World Health Organization (WHO) universal health coverage.
“In a group of 126 countries, on a per capita basis, public spending is expected to exceed pre-COVID levels by 2026. In 52 countries, by then, overall public spending will remain below 2019 levels, however,” the report said. report.
“A return to pre-COVID-19 growth rates in per capita public health spending in the poorest of these countries would require the share of health spending to almost double, from 10% to 20%. “
According to the report, Nigeria, among 52 other countries, is expected to cut its per capita public spending below pre-COVID levels over the next five years (2021-2026).
The 52 countries include Afghanistan, Burundi, Liberia, Mozambique, Sierra Leone, South Sudan, Sudan, Algeria, Angola, Bolivia, Cameroon, Comoros, Republic of Congo , Djibouti, Eswatini, Kiribati, Lesotho, Micronesia and Nigeria.
The others are Papua New Guinea, Sao Tome and Principe, Timor Leste, Vanuatu, Zambia; South Africa, Belize, Botswana, Costa Rica, Dominica, Ecuador, Fiji, Jordan, Maldives, Mexico, Namibia, Saint Lucia, Surinam, Turkmenistan, Antigua.
Barbuda, Bahamas, Bahrain, Iceland, Kuwait, Nauru, New Zealand, Oman, Palau, Qatar, Saudi Arabia, Saint Kitts and Nevis, Trinidad and Tobago and the Arab Emirates united are the other countries likely to reduce their spending capacity. .
“The economic shock of Covid-19 threatens the ability of governments to spend enough on health, threatening recovery from COVID-19 and health security for all,” said Mamta Murthi, vice president of human development at the World Bank .
“Cash-strapped countries will have to make tough choices when it comes to investing in health to protect essential health services, stay on track for universal health coverage, and build resilience for the future.”
The World Bank has advised countries to build resilience by investing in preparedness and ensuring affordable health services for their populations, especially the poor.