• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, November 4, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Must Shore Up Local Drug Manufacturing – PMGMAN

Bukola Aro-Lambo by Bukola Aro-Lambo
5 months ago
in News
pharmacy
Share on WhatsAppShare on FacebookShare on XTelegram

Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) has stressed the urgent need for Nigeria to strengthen local pharmaceutical manufacturing capacity as global supply chain disruptions and rising healthcare security concerns continue to threaten access to medicines.

The chairman of the 8th Nigerian Pharma Manufacturers Expo and managing director and chief executive of May & Baker Nigeria Plc, Dr Patrick Ajah, stated this during a press briefing in Lagos ahead of the 2026 edition of the pharmaceutical exhibition.

Ajah said recent global developments, including the lessons from the COVID-19 pandemic and ongoing geopolitical tensions affecting major shipping routes such as the Strait of Hormuz, have exposed the dangers of excessive dependence on imported medicines.

According to him, countries prioritised their domestic healthcare needs during the pandemic, leaving import-dependent nations vulnerable to shortages and rising costs.

“We saw during COVID that countries took care of themselves first before thinking about others. What is happening around the Strait of Hormuz further confirms the urgent need for Nigeria to encourage local manufacturing,” he said.

He noted that Nigeria’s pharmaceutical sector is gradually witnessing a shift from heavy import dependence to increased local production, as more indigenous manufacturers expand their production capacity and new pharmaceutical factories emerge across the country.

Ajah explained that while Nigeria previously relied on about 70 per cent imported medicines against 30 per cent local production, the trend is changing in favour of domestic manufacturing.

“More companies are joining PMG-MAN and more factories are springing up. This shows that government policies and our advocacy efforts are beginning to yield results,” he stated.

He further explained that the PMG-MAN Expo remains distinct from other pharmaceutical exhibitions because it focuses exclusively on promoting local pharmaceutical manufacturing rather than imported finished products.

According to him, foreign participants expected at the exhibition would mainly consist of equipment manufacturers, machine suppliers and firms supporting pharmaceutical production processes. “We are focused strictly on local manufacturing. We will not exhibit imported finished pharmaceutical products,” Ajah added.

The PMG-MAN chairman also commended President Bola Ahmed Tinubu for approving an executive order waiving import duties on pharmaceutical raw materials and active pharmaceutical ingredients used by local manufacturers.

RELATED NEWS

AMANDLA PARAPO 2026: Policy and Leadership At A Time Of Changing Global Geopolitics

US Midterms: 7 States That Could Decide Who Controls Congress

More Pressure On Trump As Democrats Win Senate Majority

He said the policy intervention had helped pharmaceutical firms cushion the impact of foreign exchange volatility and escalating raw material costs, thereby slowing the pace of increases in medicine prices.

“The executive order has been very helpful. With fluctuations in foreign exchange and raw material costs, many companies would have increased prices more aggressively. But the waiver has helped us slow down those increases,” he said.

 

Also speaking, Executive Secretary of PMG-MAN, Pharmacist Frank Muonemeh, described the 8th Nigerian Pharma Manufacturers Expo as a strategic international platform aimed at advancing pharmaceutical and life sciences manufacturing across Africa.

 

Muonemeh disclosed that the exhibition, organised in partnership with technical partners GP India, would bring together stakeholders from across five continents to explore investment opportunities, technology transfer, contract manufacturing, market access and pharmaceutical localisation.

 

 

 

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 invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works

Bukola Aro-Lambo

Bukola Aro-Lambo

Bukola Aro-Lambo is a journalist with Leadership Newspaper with over a decade of experience, specialising in economy and finance reporting. She covers macroeconomic trends, fiscal policy, public finance, banking, and fintech, combining official data with expert insight in a methodical, data-driven approach. Her reporting extends to development finance, infrastructure funding, agri-exports, climate finance, and technology-driven enterprise, offering clear, analytical coverage that supports informed public discourse on Nigeria's evolving economic landscape.

OTHER NEWS UPDATES

AMANDLA PARAPO 2026: Policy and Leadership At A Time Of Changing Global Geopolitics
Backpage

AMANDLA PARAPO 2026: Policy and Leadership At A Time Of Changing Global Geopolitics

38 minutes ago
News Explainer: How African Media Are Covering the 2026 US Midterm Elections
Foreign News

US Midterms: 7 States That Could Decide Who Controls Congress

39 minutes ago
More Pressure On Trump As Democrats Win Senate Majority
Foreign News

More Pressure On Trump As Democrats Win Senate Majority

42 minutes ago
Next Post
Gov Adeleke Dismisses APC’s Claim Of Taking Secret Loans In Osun

Adeleke, Police Warn Against Spread Of False Banditry Invasion, Kidnapping In Osun

LATEST UPDATE

Okolo Leads Nigerian Military Team To Para-shooting Championship In Russia

54 seconds ago

Kano APC To Kwankwaso: Prove Gov Yusuf’s Role In Gwarzo’s Ordeal

28 minutes ago

APC Rejects Osun Presidential Campaign Council List

29 minutes ago

INEC Blames Ageing, Not Apathy, For Drop In Youth Voter Share

34 minutes ago

2027: PDP Rallies State Structures For Electoral Comeback

36 minutes ago

2027: ADC, NDC Vow To Resist Political Violence In Edo

37 minutes ago

AMANDLA PARAPO 2026: Policy and Leadership At A Time Of Changing Global Geopolitics

38 minutes ago

US Midterms: 7 States That Could Decide Who Controls Congress

39 minutes ago

More Pressure On Trump As Democrats Win Senate Majority

42 minutes ago

Trump Vows To Work With Democrats As Republicans Suffer Midterm Losses

46 minutes ago
Load More
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino | Polskie Kasyno.

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

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino | Polskie Kasyno.