NAFDAC Tackles Decline In Pharmaceutical Imports, Promotes Local Production

September 15, 2023

The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye, has addressed concerns over reports of a 63% decline in pharmaceutical imports.

Speaking to journalists on Friday, September 15  at the NAFDAC office in Isolo, Prof. Adeyeye emphasized the importance of local pharmaceutical production to improve access to quality medicines for Nigerians.

Join our WhatsApp Channel

The Director General began by acknowledging the reports that cited factors such as difficulty in accessing foreign exchange, the devaluation of the Naira, and high inflation as contributors to the decline in pharmaceutical imports. However, she pointed out that the full story was not captured in these reports.

Prof. Adeyeye highlighted some key statistics from the reports, including the country’s reliance on imported finished drugs, which accounts for about 70% of drug consumption, and the importation of 100% of Active Pharmaceutical Ingredients (APIs). She also noted a significant increase in the prices of both locally manufactured and imported drugs.

READ ALSO: NNPC Retail’s N18.4 Billion Q1 Profit Post OVH Energy Deal- Mele Kyari Reveals

According to the NAFDAC boss, one crucial aspect that the reports did not emphasize was the increase in local pharmaceutical production. She stressed that the agency had been working diligently to promote and enhance local pharmaceutical manufacturing since the inception of her administration in November 2017.

She mentioned several policies implemented to achieve this goal:

  • The Five + Five (5+5) Policy: This policy encourages the migration of previously imported products that can be manufactured locally. As of July 2023, 57 companies have provided blueprints for migration to local manufacturing, representing about 30% of total local manufacturers.
  • Expansion of NAFDAC’s Ceiling List: The expansion of this list aims to reduce the importation of medicines that can be manufactured locally, stimulating the utilization of local manufacturing capacity.
  • Policy on Establishment of New Pharmaceutical Plants: This policy ensures that manufacturing facilities are designed to eliminate the production of substandard medicines. Many companies have received regulatory approval to erect new GMP-compliant pharmaceutical plants.
  • NAFDAC Tariff Regime on Imported Products: The cost of registering imported drugs is significantly higher than that of local products to discourage imports.
  • International Certification and Risk-Based Classification: Attainment of ISO 9001:2015 Standards and WHO Global Benchmarking of Maturity Level 3 (ML3) status has boosted confidence in NAFDAC’s regulatory oversight, leading to increased patronage of locally manufactured products.

 

The NAFDAC Director-General added that these policies, along with a renewed focus on local production, are contributing to a decline in pharmaceutical imports, despite some fair-weather investors exiting the market. She also stressed that these approvals translate to significant investments in the Nigerian economy.

Prof. Adeyeye concluded by stating that, despite the challenges facing the local pharmaceutical industry, local production is the most efficient way to provide quick access to quality and safe medicines.

She cited a recent disclosure by the Special Adviser to the President, Salma Anas-Ibrahim, who aims to reduce drug importation to 40% as a means of bridging gaps in the health sector. She called for the collaboration of stakeholders and government agencies to support domestic pharmaceutical production.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

USAir Peace CEO Reveals Why Airline Is Yet To List On Capital Market
Previous Story

Air Peace Boss,Onyema, Hails Aviation Minister’s MRO Initiative

Tertiary Education in Nigeria
Next Story

Nigeria Destroying Illegal Refineries, Yet No Legal Refinery

Featured Stories

Latest from News

Gunmen Attack Obi’s Convoy in Edo State

Unidentified gunmen opened fire on the convoy of Peter Obi, former Labour Party presidential candidate and current African Democratic Congress (ADC) frontrunner for the 2027 elections, on Tuesday in Edo State. The attack occurred as Obi and his entourage approached the residence

Cape Town Airport  Fire Disrupts International Flights

A fire at Cape Town International Airport on Tuesday caused major disruption to flight operations, forcing the temporary suspension of international departures and the diversion of inbound flights. The blaze, which broke out near the international terminal in the morning, led to
Acting IGP, Egbetokun, Assumes Office, Promises To Deliver On Internal Security

Presidency Explains IGP Egbetokun Resignation

Presidency has said Inspector-General of Police Kayode Egbetokun resigned due to family matters requiring his full attention. In a statement, presidential spokesman Bayo Onanuga said the police chief submitted his resignation in a letter on Monday, citing personal reasons. However, sources within
USAir Peace CEO Reveals Why Airline Is Yet To List On Capital Market
Previous Story

Air Peace Boss,Onyema, Hails Aviation Minister’s MRO Initiative

Tertiary Education in Nigeria
Next Story

Nigeria Destroying Illegal Refineries, Yet No Legal Refinery

Don't Miss

Wande Coal Features Olamide In New Single, ‘Kpe Paso’

Wande Coal Features Olamide In New Single, ‘Kpe Paso’

Afrobeats veteran Oluwatobi Wande Ojosipe, popularly known as Wande Coal
JUST IN: INEC To Hold Outstanding Guber, Assembly Elections On April 15

Polls: INEC Asks Appeal Court To Alter Inspection Order Granted Atiku, Obi

The Independent National Electoral Commission (INEC), has gone to the