By Asma’u Ahmad
The former Vice Chancellor of Covenant University, Ota in Ogun state Professor Charles Ayo has urged the Federal Government to invest more in the health sector to reduce capital flight.
Prof. Ayo spoke at the 7th Inaugural Lecture of the institution titled, “Deconstructing the National Development Agenda: The Role of Information and Communications Technologies.”
He said the nation lost N1.5 trillion annually to health tourism due to poor infrastructure in the sector.
“The health sector has been grossly underfunded by the Federal Government with virtually inadequate medical facilities both in quality and quantity,” he said.
The don said that there was an average of 1,700 persons per hospital bed and the ratio of physician to the populace too wide, adding that Nigerians depended largely on foreign solution to local problems – an indication that education sector had failed.
He said the Nigerian health system had been moribund due to lack of massive investment in education for decades.
Ayo said the federal government needed to capitalise on education and technology to transform the nation’s raw materials to desired products that would boost the two sectors.
He urged the Federal Government to invest massively in the two sectors to halt capital flight to improve the economy.
