April 23

Nigeria Secures $1 Billion to Boost Indigenous Medicine Production

By Blessing Joseph

The Federal Government of Nigeria has announced the acquisition of over $1 billion in funding to support the local production of indigenous medicines in the country. This initiative aims to address the significant reliance on imported health products, with only 30% of drugs produced locally, and 99% of medical devices imported.

Dr. Abdu Mukhtar, the national coordinator of the Presidential “Unlocking Healthcare Value-Chain” Initiative, revealed that 70% of drugs and 99% of medical devices in Nigeria are imported, highlighting the need for increased local production.

Source: MSME Africa (link opens in a new window)

Health Care, Investing
healthcare technology, supply chains