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National productivity of any nation is a function of the health of such nation which is usually an offshoot of how much such nation invests into the health care system. This paper assesses the health care expenditure of Nigeria and resultant effects on the national productivity. An overview of literature shows that health care expenditure in Nigeria is very poor and low compared to other developing nations even in Africa. The little money that is made available is invested majorly in the curative aspect of health care as against preventive health care that promotes national productivity. This paper suggests that to achieve the much needed improvement in national productivity, special attention must be paid to increasing national investment in health sector especially in primary prevention.