The primary motivation for public intervention in the health sector is equity in health care due to lack of access to basic and quality health care services by the poor as well as the skewed advantages derived by the affluent from public health expenditure. In order to provide equitable access to health care, the Nigerian government introduced the National Health Insurance Scheme (NHIS). Therefore, this study assessed the perception of NHIS by health care consumers. A random sampling technique was used in administering one hundred questionnaires on health care consumers in Oyo State by interview schedule. Information collected include age, gender, marital status, family size, employment status, educational status, income level and (possibility of) NHIS sustainability. Data analysis was done using descriptive statistics and Logit model. The study revealed that about 65% of the respondents wanted the programme discontinued. Furthermore, gender, marital status and income level were some of the factors that did not significantly influence respondent’s opinion on NHIS continuity. However, registration of dependant (p<0.10) and perception by respondents of drug sufficiency under NHIS (p<0.05) were significant factors determining respondents’ opinion on NHIS continuity. Since the scheme is recent, it can be said to have marginal effect on health care system. Hence, the government need to take measures for the sustainability of the scheme in order to improve its performance.