Nigerians trade waste material for health insurance

Medical experts in Nigeria have raised concerns over the impact and coverage of the National Health Insurance Scheme (NHIS), according to the experts; the scheme has covered less than two percent of Nigerians.

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In an exclusive interview with CNBC Africa at the Future of Health Summit in Abuja, Nigeria's Minister of Health Dr Osagie Ehanire disclosed that a bill to make health insurance mandatory in Nigeria is currently awaiting assent. CNBC Africa's Chris Bishop started by asking him about increasing Nigeria's budgetary allocation for healthcare.

Jerome Ngutor had trouble with a persistent stomach ache but like many Nigerians, he did not have money to see a doctor. Then he heard about a novel idea to get health insurance - collect waste material and trade it for cover.

Soso Care, a Nigerian health-tech startup, is trying to offer health insurance to those who don't have it. All people have to do is bring in recyclable waste. This helps pay for an insurance card that let's them see a doctor.