• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Emzor’s $23m API Plant To Begin Local Production In Q4

by Royal Ibeh
3 months ago
in Business
Emzor
Share on WhatsAppShare on FacebookShare on XTelegram

Emzor Pharmaceuticals, a leading name in Nigeria’s pharmaceutical industry, has announced that its $23 million Active Pharmaceutical Ingredient (API) production facility will commence local production in the fourth quarter of 2025.

Advertisement

The milestone marks a significant leap forward for Nigeria’s pharmaceutical self-sufficiency, as the country seeks to reduce its reliance on imported APIs and strengthen healthcare delivery.

The executive director general, duties, HR & finance, Emzor, Uzoma Ezeoke while speaking during a media tour of the company’s facilities in Ogun state on Thursday, provided insights into the challenges and opportunities associated with local API production.

“This is the first time authorities will be licensing a project of this scale. There will be a learning curve, but we have strong government support, including backing from the minister of Health and the presidency,” Ezeoke stated.

Cost considerations are also paramount, with inflation and foreign exchange volatility impacting production expenses. However, Emzor is determined to mitigate the financial burden on consumers. “We are absorbing as many costs as possible to keep medicines affordable. We are not a charity, but access to quality medicine should not be a privilege. We will continue to innovate and prioritise the well-being of our people,” Ezeoke emphasised.

RELATED

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue

We’re Making Abia Farmers Globally Visible – Agric Firm

23 hours ago
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

1 day ago

On strengthening market vigilance against counterfeits, the executive director general said counterfeit and substandard drugs pose a major threat to public health, and Emzor is tackling the issue with rigorous supply chain monitoring and strong distributor relationships. “We work closely with major distributors, some of whom have been with us for decades. This deep-rooted trust ensures accountability and helps us swiftly address any supply chain gaps,” Ezeoke stated.

She highlighted that counterfeiters thrive in supply shortages, making it essential for Emzor to maintain steady production and distribution. “Vigilance is crucial. By keeping our supply chain stable, we prevent bad actors from filling the void with substandard products,” she added.

The pharmaceutical industry is facing economic pressures, with Nigeria’s exchange rate tripling recently, directly impacting production costs. However, Emzor has resisted passing the full burden onto consumers. “Prices have risen, but not in proportion to the exchange rate. We have absorbed much of the cost increases, but for how long we can continue is uncertain,” Ezeoke admitted.

She pointed to recent government duty and levy adjustments on local manufacturing inputs as a potential relief measure. However, delays in implementation have stalled expected benefits. “These fiscal policies are crucial, but they weren’t officially gazetted until late last year. We are still waiting for them to take effect,” she noted.

Despite economic headwinds, Emzor remains steadfast in its mission to produce essential medicines in Nigeria and expand across Africa. “Nigeria has over 200 million people. Our focus remains ensuring Nigerians have access to the same high-quality drugs as the rest of Africa,” Ezeoke said.

She acknowledged the challenges of energy costs, supply chain disruptions, and talent drain, but emphasised Emzor’s resilience: “We don’t ask why we can’t succeed; we ask how we can. We are not a charity, but we are committed to overcoming systemic challenges that affect healthcare affordability and accessibility.”

In her opening remarks, the group managing director and founder of Emzor, Dr. Stella Okoli, stressed the importance of government support for local drug manufacturers. “Government should encourage local drug manufacturers because we must have local industries thriving in Nigeria,” she said.

She expressed confidence in Nigeria’s potential. “Nigeria is a great place. No matter what happens, we remain a nation of leaders, honest people, and problem solvers. Emzor was built on this foundation, and we will continue to rise.”

 

 

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Emzor Pharmaceuticals
SendShareTweetShare
Previous Post

Ramadan: Edu Breaks Fast With Emir Of Kano In Calabar

Next Post

Brake Failure Cause Of Karu Tanker Accident – PCNGI, NMDPRA

Royal Ibeh

Royal Ibeh

You May Like

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue
Agriculture

We’re Making Abia Farmers Globally Visible – Agric Firm

2025/06/29
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture
Business

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2025/06/29
New Afreximbank President To Restructure African Trade
Business

New Afreximbank President To Restructure African Trade

2025/06/29
Oyetola
Business

Federal Gov’t Launches Life-jacket Safety Initiative

2025/06/29
Tech Scholar To Drive Academic Vision As OAU’s New DVC
Business

Tech Scholar To Drive Academic Vision As OAU’s New DVC

2025/06/29
MONEY MARKET: Assessing Customers’ Losses To Fraudsters Through Digital Banking
Business

Cybercrime: Half Of Victims Paid Ransom In 2025

2025/06/29
Leadership Conference advertisement

LATEST

Hon Jim Okolo Commends Customs CG’s Global Role, Predicts Diplomatic Transformation

We Lack Jurisdiction To Entertain Suit By Tunde Ayeni Against Adaobi Alagwu – Court Documents

Village Head Abducted By Bandits In Kaduna

Unlocking Energy Access: Yobe, FG Sign MoU On Rural Electrification Strategy

Foundation Commissions Primary Health Care Centre In Kobi Community FCT

Fighting Digital Threats: Yobe Extends Cybersecurity Symposia To Potiskum, Gashua

Damagum Agog As Gov Buni, Others Attend Emir Of Fune’s Silver Jubilee Celebration

Aviation Ministry Staff Convicted Over Employment Fraud

Ahmed Will Deliver As PCNGi Boss, APC Group Says

Your Failure Is Certain, COAS Tells Terrorists

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.