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The webinar themed: “Addressing the Escalating Costs of Medicines,’ was organised by TheCable as part of activities to mark its 10th anniversary. Corroborating the minister, the Director General of the National Agency for Food and Drug Administration and Control , Moji Adeyeye, said the way to tackle the exit of multinational pharmaceutical companies from the country is to have more local manufacturers making those products.At Premium Times, we firmly believe in the importance of high-quality journalism.
He said: “This means many fund healthcare out of pocket. Many of us will be thrown into poverty if met with catastrophic health challenges like cancer and kidney failure because we don’t have a viable insurance platform. “We have had engagements with the pharmaceutical consultative forum, and we are finalising an instrument from the government that will affect the fiscal policy constraints on the import of raw materials and manufacturing equipment,” he said.Also speaking at the webinar, the President of the Nigerian Medical Association , Uche Ojinmah, suggested that the Nigerian government should set up a health sector development bank to encourage local pharmaceutical companies.
“It will encourage pharmaceutical companies to go into production of drugs we need today like antibiotics, antihypertensives and anti-diabetes.”