Averting Possible Rise in Drug Costs
Mazi Sam Ohuabunwa, President of the Pharmaceutical Society of Nigeria (PSN), was on point recently when he raised the alarm over a possible increase in the cost of essential medicines in Nigeria. He observed that Nigeria’s inflationary trend, increase in VAT, and lack of incentives for local manufacturers of pharmaceutical products is the major factor that will make a spike in the cost of prescription and non-prescription medicines inevitable. We support Ohuabunwa’s
submission and urge authorities in government not to ignore it because the consequences of sudden rise in the prices of medicines could be disastrous to public health. The main challenge of our country over the years has been the inability to ensure that our citizens, especially the rural dwellers, have access to basi
