ASHENEWS reports that the federal government has resolved to establish a mechanism for the pooled procurement of critical pharmaceuticals in 2024.
The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate stated this during the unveiling of Nigeria’s Health Sector Renewal Investment Initiative and the signing of the Health Renewal Compact by Federal, State Governments, and Development Partners in Abuja on Tuesday.
According to him, this will help to reduce the high cost of pharmaceutical products in the country.
“This initiative aims to lower costs and guarantee quality, making life-saving medications more affordable for the poorest Nigerians.
“In the medium term, Mr. President’s initiative to unlock the healthcare value chain will see Nigeria manufacturing an increasing share of its generic drugs, medical devices, and associated content, such as vaccines over time. This will reduce our dependency on those only keen to exploit our markets,” Pate said.
