Nigeria's Universal Health Coverage (UHC) initiative received a significant boost with the launch of the Group, Individual and Family Social Health Insurance Product (GIFSHIP). This scheme aims to provide affordable healthcare to millions in the informal sector and small and medium-sized enterprises (SMEs). At the launch in Lagos, Ultimate Health HMO's CEO, Otunba Lekan Ewenla, emphasized the importance of expanding health insurance beyond the formal workforce, as only 15% of Nigerians are employed in the formal sector. The GIFSHIP program, regulated by the National Health Insurance Authority (NHIA), has an annual premium set at ₦38,718 per person. Ewenla highlighted the need for structured healthcare access for the informal economy, which includes traders, artisans, and transport workers. The initiative aligns with NHIA's goal of achieving universal health coverage by making healthcare more affordable and accessible for all Nigerians.
NigeriaNewsFeed summary based on reporting from Vanguard News.
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