FG increases health budget by 60%, targets ₦298bn by 2026

By Kunle Sanni –

The federal government has announced a 60 percent increase in the 2025 health budget as part of efforts to strengthen Nigeria’s economy through strategic investment in human capital development.

Speaking at the 2025 Health Sector-Wide Joint Annual Review held in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said the move reflects President Bola Ahmed Tinubu’s commitment to prioritizing health as a driver of inclusive growth and economic transformation.

Edun commended the Minister of Health and Coordinating Minister of Social Welfare, Professor Muhammad Ali Pate, for his capacity, capability, and innovation, noting that Nigeria’s ongoing health sector reforms have become a model of accountability and have earned international recognition.

He revealed that the health budget for 2025 has been raised by nearly 60 percent, while allocations to the Basic Health Care Provision Fund (BHCPF) have more than doubled — from ₦131 billion in 2024 to a projected ₦298 billion in 2026.

The finance minister also disclosed that the government plans to mobilize an additional ₦150 billion for vaccine procurement, describing the health sector as both a social priority and a critical catalyst for private sector growth.

“The health sector stands out for its transparency and impact. It demonstrates how good governance can attract investment and deliver inclusive growth,” Edun stated.

In his remarks, Professor Pate lauded the government’s fiscal commitment, assuring that the Ministry of Health will continue to champion innovation, transparency, and partnerships to improve healthcare delivery across the country.

The federal government said the significant increase in health sector funding reaffirms its commitment to citizens’ welfare and sustainable national development — laying the foundation for a healthier and more productive Nigeria.