The Lagos health sector presents a growing and untapped market opportunity for investors because it has the highest number of healthcare uptake in Nigeria
Health insurance penetration rate has increased from 0.43% in 2005 to about 3.46% in 2014.
Companies involved in the formulation and manufacture of pharmaceuticals qualifies for pioneer status incentive.
Tax related incentives include:
» Tax holiday of 3-5 years
» CIT – 30%
» ET – 2%
» WHT – 10%
Regulatory Bodies» National Agency for Food and Drug Administration and Control
» National Health insurance Scheme
» Nigerian Medical Association
» Lagos State Ministry of Health