Table 5. Economic consequences of smoking and the potential effects of price increase– 2020.

Economic consequences of smoking
Category	₦ (millions)
Total health expenditure (THE)	4,422,604
Gross domestic product (GDP)	121,167,234
Tobacco-tax collection	36,300
Smoking-attributable direct costs of treatment	526,457
Treatment costs as % of GDP	0.36%
Treatment costs as % of THE	9.63%
% of treatment costs recovered with taxes	6.90%
% of total costs recovered with taxe	5.73%
Scenarios for price increase: 10 years effect for different % increase
% increase in final price of a package	25%	50%	75%
Deaths prevented	15 454	30 908	46 361
Heart disease avoided	6 392	12 784	19 175
Number of Strokes avoided	10 525	21 049	31 574
New cases of cancer avoided	2 781	5 562	8 342
New cases of COPD avoided	23 919	47 838	71 757
DALYs avoided	520 374	1040 747	1561 121
Health costs avoided	₦237,356.00	₦474,712.00	₦712,068.00
Informal caregivers costs avoided	₦29,573.00	₦59,147.00	₦88,720.00
Productivity losses avoided	₦31,848.00	₦63,688.00	₦95,522.00
Increase in tax collection	₦222,385.00	₦369,068.00	₦440,050.00
Total economic benefit (in millions)	₦521,161.00	₦966,615.00	₦1,336,359.00

₦: Nigerian Naira, exchange rate ₦ 306 = U$D 1, DALY: disability-adjusted life-years, GDP: gross domestic product, THE: total health expenditure.