Industrial pharmacists in Kwara State have asked the incoming government to provide a tax concession and exemptions to pharmaceutical companies in the state towards creating a more enabling environment for increased productivity in the sector.
Speaking at the fifth-anniversary program of the National Association of Industrial Pharmacists (NAIP) in Ilorin at the weekend, the state chairman of the association, Mr Gbenga Bambe, said that present tax regime in the State places heavy financial situation on the manufacturing companies.
The association, which called for a five-year tax holiday and infrastructural support from government to assist the pharmaceutical industry, also requested for direct budgetary allocations to biotechnology research and development.
It said that waiver of taxes on research materials and equipment would also go a long way to create a better environment for increased productivity.
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