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Day: 27 August 2020

How COVID-19 Fuels Spike in Fake Drugs   

How COVID-19 Fuels Spike in Fake Drugs  

NEWS
Recent reports indicate that the on-going Coronavirus disease (COVID-19) has led to scarcity and rise in prices of essential medicines, sanitisers, Personal Protective Equipment (PPEs) and medical products. Unconfirmed reports suggest that the situation has led to more people patronising counterfeit and fake or substandard medicines – both to prevent and treat COVID-19. The situation has raised lots of questions: What are the possible sources of fake and substandard drugs at times like this? What are the implications on efforts to contain COVID-19? What are the best ways to address the situation? A consultant clinical pharmacist, public health specialist/health educator and National Chairman, Association of Hospital and Administrative Pharmacists in Nigeria (AHAPN), Dr. Kingsley Ch
Pharmaceutical Firms Unable to Access CBN’s 100bn Intervention Fund –PSN

Pharmaceutical Firms Unable to Access CBN’s 100bn Intervention Fund –PSN

NEWS
The Pharmaceutical Society of Nigeria has lamented that many pharmaceutical companies have not been able to access the Central Bank of Nigeria’s N100bn credit facility. According to the PSN, pharmaceutical firms have been facing all sorts of difficulties in their attempts to access the CBN’s intervention fund. It could be recalled that the CBN had announced on March 25, 2020, that it has earmarked N100bn credit support for the health sector to ameliorate the effect of COVID-19 pandemic. The official circular signed by CBN’s Director of Financial Policy and Regular Department, Kevin Amugo directed that all deposit banks accede to loan requests from indigenous pharmaceutical manufacturers and healthcare practitioners intending to ramp up their capacity. PSN President, Sam Ohuabun
Save Health Sector from Total Collapse, AGPMPN Urges FG

Save Health Sector from Total Collapse, AGPMPN Urges FG

NEWS
Physicians under the aegis of the Association of General and Private Medical Practitioners of Nigeria have appealed to the Federal Government to rescue the health sector from total collapse. Speaking with journalists during a discussion on the implementation of the Federal Government’s proposed Emergency Medical System and Ambulance Services on Saturday, AGPMPN President, Dr. Ugwu Iyke Odo stated that only an intervention fund can save the health sector from dying. “We are requesting that the FG remember the health sector especially now that it has become very obvious that we are far from where we should be. “The health sector is sick and dying. We need to cure it. One way to do this is by bailout and intervention fund just as the FG has done to ensure that the banking and agricul