Tag: Price of drugs

FG to sign Executive Order to curb rising drug prices – Minister

Aminu Imam
Nigerian Health minister Pate

Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, has said the Federal Government will soon issue an Executive Order to curb escalating drug prices in the country. Prof. Pate, who disclosed this yesterday, explained that the Executive Order is a short-term goal in reducing drug prices. He added that the Federal Government’s mid to long-term goals in reducing drug prices involve the domestication of imported drugs within the next three years in collaboration with the Ministry of Industry, Trade and Investment. Prof. Pate, who disclosed this at the…

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“Tinubu having sleepless nights over pharmaceutical drugs’ price hike” – Minister

Aminu Imam

The Minister of State for Health and Social Welfare, Dr. Tunji Alausa, has said that President Bola Tinubu is having sleepless nights over the hike in drug prices and scarcity of essential medicines in the country. The Minister noted that the high cost of drugs and the exit of some multi-national pharmaceutical companies from Nigeria were key issues the president was working tirelessly to address. Recall that in August 2023, British multinational drug maker and biotechnology company GlaxoSmithKline announced its exit from Nigeria. Following its exit, the prices of the…

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