Provide loan, infrastructure for local pharmaceutical manufacturers, Fidson boss urges Buhari

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To boost local production of essential medicines in the country,  Managing Director and Chief Executive Officer of Fidson Healthcare Plc, Dr. Fidelis Ayebae, has called on President Muhammadu Buhari  to support pharmaceutical manufacturers with soft loan and basic infrastructure.

 
Ayebae who is also Chairman,   Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria, said government interventions and assistance were critical to increasing local production of essential medicines as well as achieving drug security.
 
Speaking at a press briefing in Lagos on the forthcoming Nigeria Pharma Manufacturers’ Expo 2019 (NPME 2019), Ayebae  urged Buhari to fulfil his promise by providing security and enabling  environment for local  pharmaceutical industries  to thrive.
 
” Fulfil your promise on security and support local manufacturers to remain productive. Provide us loan at a single digit to upgrade our facilities  and also provide us infrastructure. Infrastructure brings about development. The capacity is there to produce all essential drugs locally” , he said.
 
To achieve this, he called on the Federal Government through the Central Bank of Nigeria, to set up a N300 billion Pharmaceutical Expansion and Export Fund.
 
He said the intervention  fund, if provided would help upgrade, improve  their factories and   also increase capacity among indigenous drug manufacturing companies.
 
Assuring  that the measure would reduce drug importation and also check fake drugs.
 
The   NPME billed to hold from August 28-29, 2019 at New Haven, Oba Akinjobi Street, GRA, Ikeja, Lagos, with the theme:  ‘Strategic Collaboration for Medicine Security, Affordability and National Sufficiency’.
 
NPME 2019 is jointly organised by PMG-MAN together with their partners – GPE EXPO PVT Limited.
 

According to the Fidson boss who doubles as Chairman, NPME 2019 Expo Committee,  the major objective of the Expo which is in its fifth edition,  is to create a platform for pharma machinery and equipment, raw and packaging materials, laboratory equipment, chemicals, and reagents manufacturers to meet and engage with the local pharma manufacturers and other stakeholders in  West and Central African region.

He noted that this year’s event would  be sponsored by the Bank of Industry  and NEM Insurance PLC.

NPME, he said is the biggest International Pharma Manufacturing Exhibition in Central and West Africa known to attract close to 200 exhibiting companies from six countries and nearly 10,000 pharma and related sectors’ trade professionals from across the region.

Giving insight into the benefits of the pharma Expo, Ayebae said: ” It exposes local manufacturing companies as well as local products to Nigerians. The Expo which holds every two years, provides opportunities  for new technologies to be exhibited in Nigeria so that manufacturers can take advantage of those exhibitions to upgrade their facilities. It also exposes manufacturers to quality control and assurance to produce quality drugs.”

He further noted that the Expo also connects local manufacturing companies to foreign investors besides helping to deepen investment in the industry.