MATTHEW AZOJI is the Managing Director/ Chief Executive Officer of Neimeth International Pharmaceuticals Plc. He speaks withwould you say the Nigerian pharmaceutical industry has fared so far?
Would you say you are getting the needed support from the Federal Government regarding these challenges? On the issue of diesel, government is subsidising the Premium Motor Spirit, which is already a huge burden. Recently, I also learnt that airline operators are seeking subsidies in order to keep their aircrafts running. However, I don’t know if it will also be possible for the government to subsidise diesel.
Yes, the pharmaceutical companies, that is, members of PMG-MAN, locally manufacture at least 70-80 per cent of the products we sell. Most of the products you see here were manufactured at Neimeth factory; they were not imported. So, we are happy that the government is giving attention. The intention of the National Drug Law Policy of 2021 is to ensure that 70 per cent of the drugs used in Nigeria are locally produced.
Both through the PPP, for which the Federal Government and other private companies are involved, there are lots of underground works going on towards achieving local vaccine manufacturing.
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