Nigeria imported over $1.32 billion (N500 billion) worth of pharmaceutical products in the last three years, it was leant. It was leant that only 20 per cent of pharmaceutical products are being manufactured locally, while 80 per cent pharmaceutical are imported from India, United States and Germany.
According to Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN), local drug manufacturers may soon close shop since almost all finished pharmaceuticals products were imported majorly by non- pharmacists. The group blamed the challenge experienced by local drug firms on the inconsistent government policies, which had detered investors and kills local drug manufacturing from the industry…
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