FG Backs Local Drug Manufacturers

Image

By Modupe Gbadeyanka

Minister of Health, Professor Isaac Adewole, has re-iterated the commitment of his Ministry to partner with local pharmaceutical manufacturing companies to ensure access to quality medicines by the Nigerian populace at affordable cost.

The Minister made this known in Abuja while meeting with members of the Pharmaceutical Manufacturers Group, Manufacturers Association of Nigeria (PMG-MAN), in Abuja.

In his address, Professor Adewole said that in line with the National Drug Policy which stipulates that Nigeria should aim at producing 70 percent of its medicines needs, the Health Ministry was ready to support willing and capable groups to expedite action towards the achievement of that goal.

In view of this, the Minister stressed that import duties on imported drugs would remain while waiver on tariffs would be sought on imported drugs yet to be manufactured in Nigeria. This, he added was one of the ways to encourage competiveness and create enabling environment for local drug manufacturers.

Professor Adewole inaugurated a committee of experts, headed by the Director, Food and Drugs Services, Pharm. Modupe Chukuma to come up with a list of drugs that Nigeria was yet to have the capacity to produce so that waiver on tariffs on importation could be sought from the Finance Ministry.

He advised the manufacturers to strive to reduce cost of locally manufactured drugs by as much as 30% and create efficient systems to ensure that drugs get to the last person in need of them.

Earlier in his presentation on the proposed Expedited Medicine’s Access Programme (E-MAP), the National President of PMG-MAN, Dr S. Okechukwu Anpa, enumerated its benefits to include: improved access to medicine and affordability; assurance of quality drugs; sustainability of essential medicine needs and supply to Nigerians; employment of innovative techniques to absorb some local content cost and employment generation, amongst others.

Dr Anpa noted that the fiscal policy of the government was not responsible for the recent hike in cost of medicines witnessed across the country.

He sought for the support of the Federal government to assist the PMG-MAN by adopting the Expedited Medicine’s Access Programme (E-MAP) and ensuring access to forex for basic raw materials required for production.

Share
Related Stories
Image
10-January-2024

Counterfeit Drugs: MeCure Unveils Device to Track, Trace Products

By Dipo Olowookere In its efforts to make it impossible to counterfeit its products, MeCure Industries Plc has implemented a cutting-edge technology known as Track and Trace Solution. A statement issued by the healthcare firm disclosed that this new device, which can be used to monitor the movement of products from its manufacturing facility to the ultimate recipient, was designed to ensure “product safety for our customers.” According to the disclosure sighted by Business Post, 18 brands within the MeCure portfolio have been enabled with this technology, with the company promising that all of its over 50 brands to be

Image
22-January-2024

Routine Malaria Vaccinations in Africa Commence

By Modupe Gbadeyanka The routine malaria vaccinations in Africa have officially commenced, with Cameroon being the first country in the world to administer the vaccine to all eligible children who come into clinics. Recall that the World Health Organisation (WHO) approved the use of the vaccine, RTS,S after undergoing various tests. The vaccinations are being supervised on the continent by Gavi, the Vaccine Alliance comments on this milestone, and are taking place across 42 health districts, chosen to give the most vulnerable children with the highest transmission and mortality rates in the country an opportunity to be protected from the

Image
18-December-2023

Interswitch, Ogun to Boost Healthcare Accessibility

By Modupe Gbadeyanka A partnership to revolutionise healthcare payment transactions has been entered into between Interswitch and the Ogun State Health Insurance Agency (OGSHIA). The collaboration, according to Interswitch, is to enhance accessibility and efficiency and represents a significant milestone in the ongoing efforts to improve the accessibility and affordability of healthcare services within the state. Through this deal, OGSHIA aims to amplify the scope and efficiency of its health insurance transactions, streamline processes and foster financial inclusivity. The integration of Interswitch’s cutting-edge multi-channel payments system will empower residents to make secure and convenient payments across various platforms, thereby elevating

More Stories
Image
12-January-2023

CBN Indicates Readiness to Drive Emerging Payment Systems

By Adedapo Adesanya With emerging payment systems, such as Request for Payment (RfP) and deployment of contactless solutions likely to see equally strong adoption in Nigeria, the Central Bank of Nigeria (CBN) has advanced plans to tap into budding technologies. This was contained in a document titled Nigeria Payment System Vision (PSV) 2025, which includes provisions for regulating the industry as well as a review of the core payments infrastructure and central switching platform to ensure continued capability to meet payment demands. Instant payments have created a fundamental shift in the adoption of electronic payments in many countries, and Nigeria,

Image
02-May-2018

Dangote Rejigs Executive Management Team for Better Efficiency

By Modupe Gbadeyanka In order to strengthen the group’s Executive management team and sustain its strategic business growth trajectory, Africa’s foremost indigenous conglomerate, Dangote Industries Limited (DIL) has announced new appointments. In the new organizational rejig, Olakunle Alake the erstwhile Chief Operating Officer (COO) is now the Group Managing Director and Dr Adenike Fajemirokun, the Group Chief Risk Officer has been elevated to the office of Group Executive Director, President’s Office, where she will take on new roles in addition to her schedule as the Risk Officer. She is the first ever female executive director in Dangote Group. The management

Image
30-September-2022

Saudi Arabia Considers Lagos to Boost Non-Oil Exports

By Adedapo Adesanya The world’s largest oil exporter, Saudi Arabia, as part of efforts to diversify its export services, is looking to Nigeria to boost its non-oil exports. Saudi Arabia’s oil exports rose 2.5 per cent to 7.38 million barrels per day in July, its highest since April 2020 – from 7.20 million barrels per day in June. The kingdom, through the Saudi Export Development Authority (Saudi Exports), is looking to participate in The Big 5 Construct Nigeria, which will be held between September 27 and September 29, 2022, in Lagos, Nigeria’s largest city and its commercial and industrial hub.

Image
27-December-2023

Explore the Top 8 Trusted Online Casinos in Singapore

Are you looking for a trusted online casino in Singapore? Finding a trusted online casino Singapore to play your favorite games is essential. With so many options available, it can get overwhelming to determine which online casinos are legitimate and which ones to avoid. Well, you’ve come to the right place! We found the online casinos that stand out from the rest regarding game variety, big bonuses, secure banking, and top-notch customer service. Whether you’re a newbie gambler or a seasoned pro, these top-tier online casinos have everything you need for pulse-pounding action and big wins! Let’s jump right in

Image
07-October-2019

Sëx for Grades Scandal Rocks UNILAG (VIDEO)

Modupe Gbadeyanka A senior lecturer at the University of Lagos (UNILAG), Dr Boniface Igbeneghu, has been accused of requesting romantic relationship from young girls of the institution and others seeking admission into the school. Mr Igbeneghu, who is also a Pastor at one of the Four Square Gospel churches in the city, was filmed by an undercover reporter with the BBC for its popular African Eye programme. One of the girls used to set up the lecturer is a 17-year, who the lecturer, who is in his fifties, promised in the footage admission if she agrees to ‘play along’ with

Image
30-November-2022

Nigerians are Multidimensionally Happy…

By Prince Charles Dickson PhD How do you show you’re happy? If you’re a cat, you purr. If you’re a dog, you wag your tail, and if you’re a rabbit, you bust out your best binky moves. You read that right — binky. When rabbits are happy, they do this crazy kind of move called a binky. Each bunny has its own binky style, but it’s a kind of jumping, mid-air twist with a kick and a little hop or two on the landing. Some bunnies’ binkies can reach almost three feet in the air! If you watch a bunny

Image
17-September-2019

Aiteo Shuts Down Nigeria’s NCTL Pipeline as Bonny Light Hits $68

By Dipo Olowookere Operators of the Nembe Creek Trunk Line (NCTL), Aiteo Eastern E&P Company Limited, have shut down the pipeline, which exports Bonny Light crude oil, one of the grades of the commodity sold on the international market by Nigeria. The pipeline, which was shutdown, is one of two that exports Bonny Light. As a result of this, the terminal is currently loading only from the Trans Niger Pipeline, which is operated by Anglo-Dutch oil giant, Shell Petroleum Development Company of Nigeria Limited (SPDC). A report by Reuters on Tuesday quoted a spokesman of Aiteo as confirming the development,

Image
30-May-2017

Nigeria Equity Market Opens Week with 0.73% Growth

By Modupe Gbadeyanka Transactions resumed on Tuesday on the floor of the Nigerian Stock Exchange (NSE) after the Democracy Day holiday declared by the Federal Government on Monday, May 29, 2017. It was a day earmarked to celebrate the return of power to civilian government by the military in 1999. At the close of trading activities today, the stock market finished in the green zone by 0.78 percent, with major market indicators pointing northward. The chief market gauge, which is the All-Share Index (ASI), increased by 212.07 points to close at 29,276.59 points, while the market capitalisation progressed by N73.3

Ad
Ad
Recent Stories
Image
28-February-2024

Dangote Cement Wins Environmental Sustainability Award

By Aduragbemi Omiyale NatureNews has announced Dangote Cement Plc as the winner of the 2023 NatureNews Environmental Sustainability Award at its 3rd anniversary themed Climate Change and Energy Transition in Nigeria. At the Anniversary Lecture and Presentation of the Hero of Environmental Actions for Development (HEAD) held on Tuesday at the Shehu Musa Yar’Adua Centre, Abuja, the news platform said Dangote Cement was nominated for the category following a thorough screening by eminent professionals. The Publisher and Editor-in-Chief of NatureNews, Mr Aliyu Akoshile, disclosed that during the screening, it was discovered that the cement maker had deployed cutting-edge technology to

Image
28-February-2024

Nigeria’s Stock Market Stands Still to Honour Ogunbanjo’s Legacy

By Aduragbemi Omiyale The stock market in Nigeria stood still for the late former chairman of the Nigerian Exchange (NGX) Group Plc, Mr Abimbola Ogunbanjo, on Tuesday, February 27, 2024. The day was set aside to pay homage to the enduring legacy of the esteemed luminary, who died in a helicopter crash in the United States a few weeks ago along with the group chief executive of Access Holdings, Mr Herbert Wigwe, his wife and son. The NGX Group held an Afternoon of Tributes and Closing Gong Ceremony yesterday for him in collaboration with the Coronation Group. In a poignant

Image
28-February-2024

Fans Anticipate ‘Return of Maleeka (Atupa)’ by Mobolaji Samuel

By Modupe Gbadeyanka Some movie lovers are already calling on a movie producer in Nigeria, Ms Mobolaji Samuel, to release the sequel to her captivating film, Maleeka, Return of Meleeka (Atupa). The quest to see the second part of the flick is due to the exploits of the Nollywood filmmaker in the first part. However, she has called for calm, assuring her fans that the release date of her latest work of art would be announced very soon. Speaking recently on the Return of Maleeka (Atupa), the charming movie maker described the film as a story of faith and resilience,

Image
28-February-2024

FG Selects Learning Community Managers for 3MTT Initiative

By Modupe Gbadeyanka The federal government has selected Learning Community Managers for the 3MTT Initiative for all 36 states of the federation and the Federal Capital Territory (FCT). The managers were picked for the programme by the Federal Ministry of Communications, Innovation & Digital Economy, which is handling the initiative. Recall that the government secured N1 billion in partnership with IHS Nigeria to support the 3MTT Learning Community. The selection of Learning Community Managers marks a significant milestone in the government’s efforts to empower Nigeria’s tech talents. These individuals will play a crucial role in managing and assisting participants in

Image
28-February-2024

Renowned Embryologist Dr Marta Jansa Perez Visits Bridge Clinic Nigeria

By Modupe Gbadeyanka A renowned embryologist, Dr Marta Jansa Perez, has visited the Bridge Clinic Nigeria in Lagos, reinforcing its commitment to excellence in reproductive healthcare. Ms Perez is the Director of Embryology at Bridge Clinic London. Her visit to the Nigerian affiliate of the foremost healthcare organisation is a testament to the partnership between the two clinics, opening new avenues for the exchange of expertise and resources. The health practitioner arrived at Bridge Clinic Nigeria on Monday, February 19, 2024. Her week-long visit was meticulously structured around training, process and quality improvement, research and development, and guidance on best

Image
28-February-2024

Zero Routine Gas Flares and Delta Communities

By Jerome-Mario Utomi It is common knowledge that in pursuit of meeting the targets of 20 per cent (unconditional) and 47 per cent (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord reportedly signed by the President Bola Tinubu administration, the Nigerian National Petroleum Company Limited/TotalEnergies joint venture recently achieved zero routine gas flare in all its assets. While it is obvious that “the significance of this achievement is that the last routine flare volume of about 12MMscf/d (12 million standard cubic feet per day) of gas has now been eliminated giving rise

Image
28-February-2024

70 Active Stanbic IBTC Bank Customers Grab N7m in January Draws

By Aduragbemi Omiyale The sum of N7 million has been won by 70 active customers of Stanbic IBTC Bank in its ongoing Reward4Saving Promo. The money was won in the January 2024 draw, bringing the total number of beneficiaries since the inception of the promo in 2021 to 1,424 valued at N234 million, a statement from the company said. The Reward4Saving Promo was created to foster disciplined saving habits among Nigerians, offering them rewards for achieving specified savings targets. In the January draw, 10 winners were selected from each of the seven business regions operated by the bank in Nigeria,

Image
28-February-2024

Firms in Nigeria to Pay Annual Levy for Hiring Foreigners

By Aduragbemi Omiyale A new tax known as Expatriate Employment Levy (EEL) has been introduced by the federal government and it is to be paid by companies, which hire foreigners to work in Nigeria. The scheme was launched on Tuesday in Abuja by President Bola Tinubu and it is to close wage gaps between expatriates and Nigerian workers. The government explained that the policy aims to find a balance between leveraging foreign expertise and fostering local talent in Nigeria’s job market through the EEL, emphasising that it is not to discourage foreign investments. It was stressed that the level would

Image
28-February-2024

Senate Advocates Introduction of Food Stamps in Nigeria

By Adedapo Adesanya The Senate has urged the federal government to introduce the Nigerian version of the “food stamps programme” as an interim intervention to cushion the effects of food shortages in the country. This followed the adoption of a motion on the Introduction of Food Stamps in Nigeria as an Interim Measure to Address Imminent Food Insecurity in the country, by Mr Ali Ndume, the Senate Chief Whip at plenary on Tuesday. Presenting the motion, Mr Ndume said that in other countries, like the United States, food stamps were government-issued coupons that had been in use since 1939. “This is

Image
28-February-2024

Trucks Transit Parks Reflects Industry Impact, Future Opportunities

By Modupe Gbadeyanka A leading technology company specializing in mobility solutions, Trucks Transit Parks (TTP) Limited, is marking its third year of operations. As part of this, the firm is reflecting on the significant impact it has made in the maritime and logistics industry. TTP, since its inception to revolutionize the maritime and logistics sector in Nigeria through truck mobility solutions powered by technology, has emerged as a key player in driving port terminal efficiency, reducing traffic congestion, and creating new business opportunities within the Apapa port economic zone. “Our third anniversary of operations provides us an opportunity to reflect