The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, announced on Sunday that the Presidential Initiative for Unlocking the Healthcare Value Chain aims to increase local manufacturing of pharmaceutical products in Nigeria to at least 70% by 2030. In a video shared on X, Pate explained that the initiative also aims to significantly increase the number of full-time …

The Federal Government has finalised the Executive Order to implement zero Value-Added Tax (VAT) and excise duties on pharmaceutical products and medical devices. This was disclosed in a press statement on Wednesday, signed by the Head of Information and Public Relations at the Federal Ministry of Health and Social Welfare, Alaba Balogun. On 28, June 2024, the Coordinating Minister of …

President Bola Tinubu has signed an executive order to introduce zero tariffs, excise duties and Value-Added Tax (VAT) on imported pharmaceutical inputs, a statement by the coordinating Minister of Health and Social Welfare, Muhammad Ali Pate has said. Pate said the order introduced zero tariffs, excise duties, and Value-Added Tax (VAT) on specified machinery, equipment, and raw materials imported for …

Issues bordering on the need to strengthen the pharmaceutical supply chain and distribution leveraging digital technology were raised during a courtesy visit by the Association of Community Pharmacists of Nigeria (ACPN) to the Moniepoint Inc office in Lagos recently. Other areas of interest discussed included reducing the prevalence of fake medicines exacerbated by the unregulated and uncoordinated open drug market, bringing …

Despite the exit of notable pharmaceutical companies from Nigeria, the India Consul General, Shri Chandramouli Kumar Kern has affirmed that Indian manufacturers remain committed to investing in the country. During the inauguration of a multi-billion Naira pharmaceutical facility by Artemis Laboratories Limited in Ota, Ogun State, by the Director General of National Agency for Food and Drug Administration and Control …