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Skyrocketing IVF Costs in Nigeria Push Fertility Treatment Out of Reach for Many Families

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In Nigeria a single In vitro fertilization (IVF) cycle now costs approximately N2.1 million ($2,730), reflecting a 250% increase from the 2019 range of N600,000 to N1.2 million.

This rise in price has made IVF less accessible, particularly for middle-income families.

With the average annual income hovering around N2 million ($2,600), the cost of a single IVF cycle exceeds a year’s salary for many, especially considering that multiple cycles are often necessary for success.

“There is a growing acceptance of assisted reproductive technologies among couples facing infertility challenges. while there have been recent efforts to create awareness, particularly in urban areas, much more needs to be done, especially in rural communities,” said Dr. Kemi Ailoje, Reproductive Endocrinologist and CEO of Lifelink Fertility.

According to findings from various fertility centre websites Currently, two IVF cycles can cost around N3.8 million ($4,940), while three cycles may reach up to N5.6 million ($7,250). some clinics charge as much as N5.5 million for two fresh treatment cycles and up to N7.6 million for three, intensifying the financial burden on couples facing infertility.

As reported at a recent conference by the Association of Fertility and Reproductive Health of Nigeria, around 180 IVF clinics are now operating in the country, a significant increase from previous years.

However, the rising costs mean that many couples are left with limited options.

Nigeria’s Position

When compared globally, Nigeria’s IVF pricing presents an interesting case. In the United States, IVF costs range from $14,000 to $20,000 (N20 million to N33.3 million) per cycle, while prices in the United Kingdom range from £5,000 to £8,000 (N4.6 million to N7.4 million). Turkey offers treatments starting at €1,700, with costs in Denmark and Spain hovering around €3,500 to €4,000.

The global IVF market is projected to grow significantly, increasing from a value of $27 billion in 2022 to an anticipated $37.4 billion by 2030, indicating a projected increase of $10.4 billion over the next eight years, according to a recent report by Grand View Research, Inc.

This substantial growth is fueled by a compound annual growth rate (CAGR) of 5.54% from 2024 to 2030 and is largely driven by a rising demand for fertility treatments as global fertility rates continue to decline.

Prof. Oladapo Ashiru, founder of the Medical Art Center and Secretary General of the International Federation of Fertility Societies, highlights the gravity of the situation.  “Globally, one in six people faces fertility challenges, but in Nigeria, it’s even worse—one in four. Access to necessary care is a significant issue,” he states.

Approximately 35% of people who want to conceive may require assisted reproductive technology, according to Ashiru.

Ashiru notes that IVF has become a very useful health tool to solve reproductive health matters. Nigerians are coming into options of IVF, because the treatment provides a very critical solution for those who are not able to conceive naturally with ease.

“A lot of people are coming, not just from Nigeria, even from outside the country, Lot of people are coming from Europe and from America, Canada, North America, and also the West African zone. Why are these people coming? Because when you look at the exchange rate, they’ll find it still cheaper to do the treatment in Nigeria,”

“If somebody is getting 2 million, you could be worried about disarming what they’re doing. IVF now ranges from four to 5 million for a simple one. As at about the beginning of this year, whatever we pay to buy drugs are being multiplied by almost four times,” he said.

In vitro fertilization (IVF) is a medical procedure used to assist with conception and address infertility. During IVF, an egg is extracted from a woman’s ovaries and fertilized by sperm in a laboratory setting.

IVF is often recommended for individuals or couples facing various fertility issues, including blocked fallopian tubes, ovulation disorders, low sperm count, unexplained infertility, or genetic disorders. It has become a widely used and successful option for many aspiring parents.

This significant cost increase has made IVF even more inaccessible for the average Nigerian.

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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