Introduction: The Nigerian health sector faces several challenges especially during economic recession. These encumbrances have led to low productivity, worsened out-of-pocket expenditure with its attendant "health shock” and poor service delivery. Methodology: A didactic empirical literature review of articles bordering on key terminologies in the title was perused to guide this article. Results Economic recession hampers productivity of both professional personnel and the government in rendering services to the populace on one hand while it may be difficult for the people to access care on the other hand. These bring to the fore, the problems of escalated prices of drugs, low patronage of accredited hospitals, rapid migration of professionals in search of “greener pastures”, and increase in morbidity and mortality in the populace. When these occur, to achieve health for all and Universal Health Coverage becomes a mirage. Discussion: Prospects and pragmatic solutions have been suggested such as funding and financing mechanisms especially Health Insurance Schemes, limiting of medical tourisms to only when it is expressly needed, adequate remuneration of health workers, healthy government policies with policy direction, and needs assessment among other solutions. Conclusion: Healthcare during recession will be better improved when economic indicators are thematically addressed to yield palpable impacts as these will go a long way to alleviate the dwindling health care delivery in a recessed economy. Keywords: Healthcare, Challenges, Recessed economy, Prospects, Solutions, Nigeria.