The Managing Director of SKG Pharma Limited, Dr. Okey Akpa, has called on the federal government through the Central Bank of Nigeria, to set up a N300 billion Pharmaceutical Expansion and Export Fund.
In addition, he stressed that it was not in the interest of national security for Nigeria to depend largely on imported drugs for the healthcare needs of a population of over 180 million people. A statement quoted Akpa to have said this in Lagos, while receiving the President of the Manufacturers’ Association of Nigeria , Engr. Mansur Ahmed and his team in his office, said the concept on Medicine Security was based on the National Drug Policy 2005 as amended which stipulates among other things that 70 per cent of the drugs consumed in the country should be produced locally, while 30 per cent is exported.
While thanking the current administration for the Presidential Order 003, which is a policy that makes it mandatory for Ministries, Departments and Agencies of government to patronise locally made goods including drugs, he called on the federal government to adopt a system of “smart protection” for the pharmaceutical industries which involves giving incentives in the areas where the indigenous drug manufacturers has acquired capacity and also prevent the dumping of sub-standard and fake foreign...
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