The Minister of Trade and Investment, Doris Uzoka-Anite, says the government was ready to eliminate policy bottlenecks affecting the pharceutical sector while improving the capacity of local producers of syringes, needles and other medical equipment in the country.
The Minister who gave the assurance alongside the Minister of State for Health, Tunji Alausa during a meeting with members of the Medical Device Manufacturers Association of Nigeria on Tuesday in Abuja, noting that the federal government has initiated a process to improve the local production of syringes, needles and other medical equipment in the country.
This it explained would help to fill in the gap created by the exodus of foreign manufacturing companies exiting the country due to unfavorable business environment.
The policy is coming months after a British pharmaceutical company, GlaxoSmithKline Consumer Nigeria, Sanofi and other health companies ended their operations in the country, citing foreign exchange unavailability.
Uzoka-Anite said the government was ready to eliminate policy bottlenecks affecting the sector while improving the capacity of local producers.
According to her, President Bola Tinubu will soon unveil an Executive Order seeking to protect medical equipment manufacturing companies operating in the country and remove all bottlenecks impeding the growth of the sector immediately, so that Nigerians can access these medicines for less money and of a higher quality.
The minister also stated that a backward integration programme with enticing incentives will be explored to stop the exit of foreign manufacturing companies.
She said, “The mandate that we’ve been given by the president is to fix every problem in Nigeria, especially problems that affect the manufacturers in all sectors of the economy. And at the last FEC meeting, we took the healthcare sector specifically to understand the challenges. And the mandate given to us is to fix it as quickly as possible. The president wants to ensure that the prices of manufactured equipment drop and citizens have greater access to these medicines at affordable rates but high quality.
“The government is ready to remove all impending bottlenecks in industrialisation, manufacturing or the real sector in Nigeria and we have just done that for the health instrument sector. Now that we have the presidential backing to fix it as quickly as possible, I can only assure you that everything we discuss here will be taken and expedited. Some of these things are just policy changes we need to make. They’re not necessarily such big problems but when we understand where the problem is and how to fix it and come up with the right policies, then we can solve the problem and get the country growing.
“We have designed a backward integration programme which incorporates policies that affect medical devices and the entire health care. we are going to launch that programme with the approval of the federal executive council soon. I am sure it will be a game-changer for the medical device industry for full capacity utilisation. There will be enticing incentives to support the industry and loaded incentives to incentivise.”
On his part, the Minister of State for Health, Tunji Alausa, explained that the government aims to change the narrative from the importation of syringes to local production.
He noted, “Over the past several years, we have had a strong importation of needles and syringes to Nigeria while our local manufacturing companies suffer.
“The mission is to reduce the cost of pharmaceutical products in the country as well as medical supplies in the country.
“We have discussed the challenges, explored practical solutions where we can begin to have some quick wins, and immediate solutions that we will be incorporating in the executive order that the president has asked us to work and well as the medium-term solutions on this issue.
“We have addressed all the issues that will put the industry on the path of sustainability where they can begin to create durable, well-paying jobs for our citizens and ensure we have high-quality syringes and needles that would not harm our citizens, as they go to our hospitals and facilities to seek care,” he said.
