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News

President Buhari seeks to reduce cost of medicine

written by Esther faroye November 23, 2018
President Buhari seeks to reduce cost of medicine

PRESIDENT Muhammadu Buhari has directed the setting up of an inter-ministerial committee to fashion out how medicines and livestock drugs can be made available to the Nigerian public at a fraction of the prevailing prices.

 

President Buhari gave the directive while receiving the executive board members of a pharmaceutical company, Graham Foggs Ltd, at State House, Abuja today.

 

The President reiterated his commitment to the improvement of the quality of lives of Nigerians, and then charged the Ministers of Health as well as Agriculture and Rural Development to work with the pharmaceutical company to short-circuit disruptive bureaucracy.

 

The company, led by Chief Sam Nda-Isaiah, a pharmacist and newspaper publisher, noted that seventy percent of Nigerians cannot afford modern medicines produced by multinational pharmaceutical companies due to their high prices.

 

It will be recalled that President Buhari had earlier in the life of this administration reduced the tariff on pharmaceutical raw materials so as to boost and encourage local production of medicines, for the benefit of ordinary Nigerians.

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