Wednesday, March 4, 2026
32.9 C
Lagos

Business

Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

President Bola Ahmed Tinubu has commended the signing of...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

P + Measurement Services, Nigeria’s leading independent media intelligence...

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Repton Group Wins 2025 Dangote Cement Largest Distributor Award

…in Nigeria, Sub-Saharan Africa By Goke Ilesanmi L-R: Alhaji Aliko...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

Stanbic IBTC Nominees Limited marked a significant milestone on...

NGX GMD, Temi Popoola, Seeks Collaborative Alignment to Drive Sustainable Capital at IFC Confab

Temi Popoola, Group Managing Director and Chief Executive Officer...

AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Transcorp, DMO, MTN, Dangote Cement, CardinalStone, among Winners at NGX Made of Africa Awards

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel...

Insurance

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

Mrs. Ego Uzochukwu (Award Winner, centre); flanked on her...

Sovereign Trust Insurance Spreads Love with Fire Safety Drive

On Valentine's Day, Sovereign Trust Insurance Plc showed its...

Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

Mutual Benefits Assurance Plc, a leading Nigerian insurance company,...

Love That Protects: AIICO Takes Valentine’s Message to the Streets

In a vibrant twist to this year’s Valentine’s Day...

Business

Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

President Bola Ahmed Tinubu has commended the signing of...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

P + Measurement Services, Nigeria’s leading independent media intelligence...

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Repton Group Wins 2025 Dangote Cement Largest Distributor Award

…in Nigeria, Sub-Saharan Africa By Goke Ilesanmi L-R: Alhaji Aliko...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

Stanbic IBTC Nominees Limited marked a significant milestone on...

NGX GMD, Temi Popoola, Seeks Collaborative Alignment to Drive Sustainable Capital at IFC Confab

Temi Popoola, Group Managing Director and Chief Executive Officer...

AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Transcorp, DMO, MTN, Dangote Cement, CardinalStone, among Winners at NGX Made of Africa Awards

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel...

Insurance

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

Mrs. Ego Uzochukwu (Award Winner, centre); flanked on her...

Sovereign Trust Insurance Spreads Love with Fire Safety Drive

On Valentine's Day, Sovereign Trust Insurance Plc showed its...

Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

Mutual Benefits Assurance Plc, a leading Nigerian insurance company,...

Love That Protects: AIICO Takes Valentine’s Message to the Streets

In a vibrant twist to this year’s Valentine’s Day...

The Malaria: The Scourge of Africa

  • One Million Deaths Per Year (85% in sub-Saharan Africa)
  • $12bn in Lost Earnings in Africa Annually
  • 3.3bn people at Risk Worldwide
  • 5th Leading Cause of Death Worldwide
  • Children and Pregnant Women Most Vulnerable

…one of the most widespread infectious diseases of our time, taking the lives of almost one million people a year, most of them in sub-Saharan Africa and under the age of 5. It is the fifth leading cause of death worldwide and almost half the world’s population (3.3 billion) is at risk.Children and pregnant women are among the most vulnerable.

The disease is not only a major killer inAfricabut a primary cause of poverty. It has been estimated to costAfricamore than US$ 12 billion every year in lost GDP. Malaria traps people in poverty and undermines the development of some of the poorest countries in the world. Though the majority of the cases and deaths (85%) from malaria are found in sub-Saharan Africa, malaria is also endemic in Asia andLatin America.

 

The Poverty Angle

Malaria is often referred to as the epidemic of the poor.

Malaria and poverty are intimately connected. Judged as both a root cause and a consequence of poverty, malaria is most intractable for the poorest countries in the world. Malaria affects the health and economic growth of nations and individuals alike and is costingAfricaabout $12 billion a year in economic output.

According to The Earth Institute atColumbia University,New York, annual economic growth in countries with high malaria transmission has historically been lower than in countries without malaria. Almost all the rich countries are outside the bounds of intensive malaria (check maps above). Studies show that malaria endemic countries inAfricahave growth rates of up to 1.3% less than other countries that are not malaria endemic. For many countries inAfricathis means negative growth rates.

Yet another report by Patrick Sampao in Malaria World, says the disease is in large part determined mainly by climate and ecology, and not poverty per se, the impact of malaria takes its toll on the poorest, those least able to afford preventative measures and medical treatment.

According to UN economists, malaria is one of the top four causes of poverty. Every year, it kills three million people and is estimated to cost the African economy $30 billion per year. Professor Jeffrey Sachs author of “End of Poverty” says ending malaria is the most important priority in liftingAfrica out of poverty.

An example of the connection between malaria and poverty is the sale of bad drugs to poor people. According to WHO estimate, 20 per cent of the people who die from malaria die because they took bad drugs.

Poor people may not afford proper anti-malaria medication unless the medicines are subsidized.

 

 

Drain on Human Capital

The Earth Institute says malaria has a greater impact onAfrica’s human resources than simple lost earnings. Although difficult to express in dollar terms, another indirect cost of malaria is the human pain and suffering caused by the disease. Malaria also hampers children’s schooling and social development through both absenteeism and permanent neurological and other damage associated with severe episodes of the disease.

The simple presence of malaria in a community or country also hampers individual and national prosperity due to its influence on social and economic decisions. The risk of contracting malaria in endemic areas can deter investment and affect individual and household decision making in many ways that have a negative impact on economic productivity and growth.

Some examples of negative impact include:

  • Preference by individual farmers/households to plant subsistence crops rather than more labor-intensive cash crops because of malaria’s impact on labor during harvest season.
  • Undeveloped markets due to traders’ unwillingness to travel to and invest in malaria endemic areas.
  • Undeveloped tourist industry due to reluctance of travelers to visit malaria-endemic areas.

Counting the Cost of Malaria

A lack of funding is a major barrier to curbing malaria inAfrica. It is estimated that $2-3 billion is required per year to scale up malaria control programmess throughout endemic countries in sub-SaharanAfrica. But only about $200 million is spent every year on malaria control in the continent by both African and donor governments and by UN agencies. In addition, the Global Fund to Fight AIDS, TB, and Malaria has given around $220 million for malaria inAfricathis year.

Other sources of increased funding include the World Bank’s Booster Programme for Malaria Control, which amounts to between $500 million and $1 billion over the next five years, and the Bush Initiative on Malaria announced at the G8 Summit (July 2005) of $1.2 billion over five years for 15 countries.

“We estimate that by 2008, 660 million people will be at risk of malaria in sub-SaharanAfrica. With approximately one net needed for every two people, about 330 million nets will be needed. Using WHO data, we can estimate that the cost for treatment will be about $875 million in 2005, increasing to around $938 million in 2008.”

 

Behold the Solution

According to theMalariaPolicyCenter, malaria was eradicated in theUnited Statesin the 1950s. Malaria was also brought under control and even eliminated in many parts of Asia, Europe and the Americas. Yet these campaigns never reached sub-SaharanAfrica. InAfrica, with very efficient mosquito vectors, increasing drug resistance and struggling health systems, malaria infections have actually increased over the last three decades.

Experts agree that a comprehensive approach is needed to effectively control malaria. Such an approach involves the use of insecticide-treated bed nets, spraying the inside walls of houses with insecticides, providing access to diagnosis and antimalarial drugs, and delivering a packet of interventions through strengthened antenatal care services for pregnant women. Underpinning these four is education – empowering families and communities with the knowledge and resources to combat this disease. Additionally, experts encourage continued research into the development of a vaccine.

Hot this week

NCDMB: Remittance of 1% Nigerian Content Levy Still Mandatory

The Nigerian Content Development and Monitoring Board (NCDMB) on...

NCDMB Builds Capacity in Health Sector, Donates Hi-tech Equipment, Simulators to Bayelsa Medical University

A state-of-the-art Clinical Skills and Simulation Laboratory, fully equipped...

NCDMB Holds Lagos Midstream Workshop, Charges Operators on Compliance, New Policies

The Nigerian Content Development and Monitoring Board (NCDMB) has...

Stanbic IBTC Bank Nigeria PMI: New Orders Return to Growth, Inflation Eases to Lowest in Six Years

The Nigerian private sector returned to growth in February,...

Topics

Enron: The Fall of A Wall Street Darling

Enron is a company that reached dramatic heights, only to face a dizzying collapse. The story ends with the bankruptcy of one of America's largest corporations. Enron's collapse affected the lives of thousands of employees, many pension funds and shook Wall Street to its very core. To this day, many wonder how a company so big and so powerful disappeared almost overnight. How did it manage to fool the regulators and the Wall Street community for so long, with fake off-the-books corporations?

PenCom Debunks Allegation of Financial Impropriety Against its DG

Management would like to alert the public to the...

NCDMB Shares Local Content Experiences with Uganda Energy Officials

Key officials of the Uganda National Oil Company (UNOC)...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

Facebook CyberXchange Hackathon Berths in Nigeria

First ever CyberXchange Hackathon sponsored by Facebook to touch...

NCC/NESG: Partnership for Telecom Impact in National Development

L-R: Dr. Ikechukwu Adinde, Director, Public Affairs, Nigerian Communication...

Olam Agri Commits ₦6.5bn to Sustainable Social Investment in Nigeria  

L-R: The Lagos State Governor, Babajide Sanwo-Olu (right) and Olam...
Exit mobile version