To address the challenges, the PSN president called for the urgent establishment of a Federal Drug Management Agency, backed by legislation, to provide a transparent, accountable and legally protected framework for procuring, distributing and managing medicines across federal health institutions.
Manufacturing increasingly depends on cross-border supply chains, making cooperation between national, regional and continental industry associations essential.
The former president said Dangote’s industrial expansion illustrated what could be achieved when Nigerian entrepreneurs were encouraged to invest in production rather than depend heavily on imports.
The CBN, at its 307th Monetary Policy Committee (MPC) meeting on September 21–22, 2026, reset the MPR from 26.5 per cent to 23 per cent — a 350-basis-point reduction.
Fiscal and monetary policies remain two important and complementary instruments for the management of a modern economy.
The minister of Education, Dr. Tunji Alausa, said that the programme would initially provide about five million eligible students with 100 megabytes of free data daily to access approved educational platforms and digital learning content.
He said foreigners should not compete with Kenyans in businesses such as hawking and small retail, while foreign investment was welcome in activities requiring greater capital.
Director-General of MAN, Segun Ajayi-Kadir, said the latest GDP figures revealed a widening disconnect between overall economic growth and the performance of the real sector
over the past several decades, Nigeria has pursued industrialisation as a central pillar of its economic transformation agenda as successive governments have introduced numerous industrial strategies to diversify the economy, expand domestic production..
The President hurled the challenge on Tuesday in Ilorin, Kwara State, during the 37th Annual Conference and General Assembly of the Committee of Vice-Chancellors of Nigerian Universities (CVCNU), held at the University of Ilorin.
