Value of Nigerian drug import surges to $454.27mn

Nigeria has imported N164.4billion ($454.27million) worth of drugs from three countries within the last two years. The imports were increased by 27.3 percent from $191.17million to $263.1million due to lack of implementation of national drug policy.
 
It was learnt that lack of incentives for local manufacturers and poor funding for research contributed to massive importation of drugs into the country.
 
Currently, 70 percent of drugs consumed in the country were imported as against the National Drug Policy 2005, which stipulates that 70 percent of the drugs consumed in the country should be produced locally, while 30 per cent is imported…
 
More details through:
https://www.newtelegraphng.com/value-of-nigerian-drug-import-surges-to-n164-4bn/