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Despite 60% Production Capacity, Nigeria's Pharma Industry Lags Behind - Experts

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As the African pharmaceutical market is projected to grow between $60 billion to $70 billion after COVID-19, experts estimate that Nigeria's pharma market

As the African pharmaceutical market is projected to grow between $60 billion to $70 billion after COVID-19, experts estimate that Nigeria’s pharma market is struggling at $1.5 billion to $2.5 billion, despite hosting about 60 per cent of the pharmaceutical production capacity in Africa.

Lead Presenter of the group and Director General of the National Institute for Pharmaceutical Research and Development, NIPRD, Dr Obi Adigwe, said out of about 6 or 7 companies which have World Health Organisation, WHO, certification in Africa, four were actually in Nigeria, stating that there is no lack as regards the critical basis of the manpower in the sector.

 

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