” 87 local manufacturers are currently benefiting from the federal government’s Pharmaceuticals industry incentives, while additional projects, including the production of active pharmaceutical ingredients and diagnostic manufacturing, are underway.”
This was disclosed by the Minister of State for Health, Dr. Adekunle Salako, during the commissioning of an ultra-modern manufacturing facility by SAM Pharmaceuticals Limited at Sango-Ota, Ogun State.
“This expansive pharmaceutical manufacturing facility strongly aligns with the Nigeria First philosophy of Mr. President’s Renewed Hope Agenda,” he said.
He noted that recent reforms, including executive orders to support local production, are beginning to yield results, with manufacturers benefiting from incentives such as zero tariffs on machinery and raw materials.
On his part, Chairman of SAM Pharmaceuticals Limited, Amit Bhojwani, described the regulatory environment as supportive.
“In this journey, our regulator has been our partners,” he said, noting that the NAFDAC has helped position locally made products to meet global standards.
