The Pharmaceutical Manufacturers Group of
Manufacturers Association of Nigeria has warned that if the banks
continue to lend money at 26 percent interest rate, Nigerians should not
expect low drug prices.
The association also said unless the....
Federal Government exempts drug companies from paying tax on
pharmaceutical raw materials, accessibility to cheap drugs may be
impossible.
Speaking at a press conference addressed
by PMGMAN recently, the chairman of the association, Mr. Okey Akpa, said
drug manufacturing was capital intensive and that in order for Nigeria
to become self sufficient in essential drugs, government must provide
enabling environment and other incentives.
Akpa, who is also the Managing Director
of SKG Pharma, advised that the drug needs of a nation must not be
controlled by another for many reasons.
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