In 2023, Nigeria experienced unprecedented economic and health crises, with significant implications for the healthcare and pharmaceutical sectors, as well as the broader economy. These crises included skyrocketing drug costs, a need for diversification away from reliance on crude oil, and an exodus of healthcare professionals. Additionally, the year saw the scarcity of Nigeria's currency, which led to a surge in fintech app usage. The health sector saw a large increase in budget allocation, though it still falls short of the Abuja Declaration's recommendation. The year was also marked by the closure of businesses and scaled-back operations of major companies, indicating the widespread impact of harsh economic conditions.