• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 9, 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

Zero VAT For Pharmaceutical Manufacturers To Commence

by Leadership News
8 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The Federal Ministry of Health and Social Welfare said it had finalised the Executive Order Harmonised Implementation Framework, which has now been cleared for gazetting.

Advertisement

The ministry said this would ensure that the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service can implement zero VAT and excise duties on pharmaceutical products and medical devices.

The ministry’s head of information and public relations, Alaba Balogun, disclosed this in a statement on Wednesday in Abuja.

He described the development as a significant milestone, as it opens the door for the local pharmaceutical and medical device manufacturers to begin fully benefiting from the relief measures outlined by President Bola Ahmed Tinubu in the Executive Order.

“With the implementation of this Executive Order, we anticipate a notable reduction in the prices of essential pharmaceutical products and medical consumables. This development aligns with the Ministry’s unwavering commitment to reducing the physical and financial pain faced by millions of Nigerians who depend on these critical health supplies,” he added.

RELATED

Ndume Urges Federal Gov’t To Provide Emergency Feeding Centres For Borno Flood Victims

Buratai Town, Not Ex-Army Chief Attacked, Ndume Clarifies Comment On TV

23 minutes ago
Forum Salutes Tinubu, Umahi Over Infrastructural Development In North

Tinubu Has Tackled Herders, Farmers Crisis In South-East — Umahi

35 minutes ago

Balogun further stated that the gazetting of the Harmonized Implementation Framework represents the realisation of the third pillar of the Ministry’s 4-point agenda, which focuses on unlocking the healthcare value chain.

“By creating an environment that supports local manufacturers, we are fostering a healthier, more self-reliant nation and ensuring that quality healthcare becomes more accessible and affordable for all.

The gazetted copies of the Harmonized Implementation Framework will be distributed to the relevant government agencies, including FIRS and Customs, for immediate action.

Today is another great day for our country and a massive win for the health sector. We are grateful to President BAT for his continued commitment to improving the healthcare sector and supporting our local industries,” he added.

 

 


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

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: VAT
SendShareTweetShare
Previous Post

Kano Accident: IGP Approves N12.5m Compensation

Next Post

Nigeria, Japan To Deepen Trade, Development, Food Security

Leadership News

Leadership News

You May Like

Ndume Urges Federal Gov’t To Provide Emergency Feeding Centres For Borno Flood Victims
News

Buratai Town, Not Ex-Army Chief Attacked, Ndume Clarifies Comment On TV

2025/06/09
Forum Salutes Tinubu, Umahi Over Infrastructural Development In North
News

Tinubu Has Tackled Herders, Farmers Crisis In South-East — Umahi

2025/06/09
2027: Group Launches Portal To Support Tinubu
News

2027: Group Launches Portal To Support Tinubu

2025/06/09
Naira Swap: Kwara Police To Patrol Bank Areas, Warns Hoodlums
News

Police Arrest 27 Criminal Suspects In Kaduna

2025/06/09
Police Deny Purported Killing Of Officers
News

Police Rescue, Arrest Suspected Cultist From Mob Action

2025/06/09
AfCFTA: Oyo ‘ll Protect Investors’ Interests With Strong Legislation — Makinde
News

AfCFTA: Oyo ‘ll Protect Investors’ Interests With Strong Legislation — Makinde

2025/06/09
Leadership Conference advertisement

LATEST

Buratai Town, Not Ex-Army Chief Attacked, Ndume Clarifies Comment On TV

Tinubu Has Tackled Herders, Farmers Crisis In South-East — Umahi

2027: Group Launches Portal To Support Tinubu

Police Arrest 27 Criminal Suspects In Kaduna

Tems, J Balvin, Doja Cat To Headline First-ever FIFA Club World Cup Halftime Show

Police Rescue, Arrest Suspected Cultist From Mob Action

AfCFTA: Oyo ‘ll Protect Investors’ Interests With Strong Legislation — Makinde

Kidnappers Release Corpse Of Retired Army Major After N10m Ransom In Kogi

Security Operatives Rescue 11 Kidnap Victims In Katsina

Tinubu’s Public Affairs Aide, Aliyu Audu, Resigns

© 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.