The fall of the Naira: Can our patients still afford IVF?

02:15 11th March 2016 | Naira Devaluation

Central Bank of Nigeria Naira Devaluation Exchange Rate Foreign Currency Naira Denominated Cards Liquidation Foreign Exchange Global Oil Price World Economy Survival Fertility Clinics Success Rates Cost of IVF Bridge Clinic Sophisticated Fertility Treatments

In November the Nigerian Central Bank devalued the Naira by eight per cent and set the exchange rate at N198 to the dollar. It als orestricted access to foreign currency for items that can be produced locally. Furthermore, Nigerians are allowed to withdraw no more than $300 a day from channels located abroad with their Naira-denominated cards. There are also limits as to how much foreign currency you can spend online. This has caused problems for people who have been stranded on holiday or in cyberspace and found themselves unable to pay for hotels or goods. Businesses have to wait for weeks to liquidate foreign exchange orders which negatively impact the movement of capital.

As Africa’s largest oil producer, Nigeria has been adversely affected by the drop in the global oil price as well as by the depressed state of the world economy. Businesses are hurting. The man in the street is suffering and survival is the name of everyone’s game.

This is not news to you but in this situation it makes sense for our patients to shop locally. We are delighted to say that we compare very favourably with top rated fertility clinics around the world, in terms of services and success rates. We researched the cost of IVF at the more popular international fertility clinics as well as other local clinics and discovered that we compare very favourably here too. You can see a full breakdown of local and international costs as well as ours at which you can study at your leisure. The good thing is that our patients can afford to undertake sophisticated fertility treatments with their families around them and know that they are getting treatment that is at par with the best in the world.