FG Gives Indigenous Pharmaceutical Manufacturers N100bn to Expand Production The Federal Government has disbursed N100 billion to indigenous pharmaceutical manufacturers and healthcare investors as loans to expand their capital base, boost local production of medicines and medical consumables. President Muhammadu Buhari announced this when he received the new Executive Members of Nigerian Medical Association NMA
FG Gives Indigenous Pharmaceutical Manufacturers N100bn to Expand Production
The Federal Government has disbursed N100 billion to indigenous pharmaceutical manufacturers and healthcare investors as loans to expand their capital base, boost local production of medicines and medical consumables.
President Muhammadu Buhari announced this when he received the new Executive Members of Nigerian Medical Association NMA in the Presidential Villa, today in Abuja.
He noted that the loan was extended through the Central Bank of Nigeria’s support to the private pharmaceutical sector.
President Muhammadu Buhari stated that the Health Sector Reform Committee chaired by Vice-President Yemi Osinbajo is currently exploring models for revitalizing the nation’s healthcare system.
He urged the Association to work with the committees set up to chart a fast track to a health system that best meet the needs of Nigerians in the 21st Century.
The President also commended the association, which is the umbrella body of all Medical Practitioners in Nigeria, for consistently choosing peaceful resolution of differences on matters pertinent to the National health system.
