Our Reporters The President, Pharmaceutical Society of Nigeria, Prof. Cyril Usifoh, says pharmacists in the country look forward to a crash in the prices of drugs following the executive order recently signed by President Bola Tinubu waiving import duties or tariffs on pharmaceutical raw materials, equipment, and other essentials. Usifoh said such a presidential initiative would bring down the prices of medicines in the country.
The PSN President stated this while speaking with journalists after the National Council meeting of the association in Uyo, Akwa Ibom State, on Monday. The PUNCH reported that President Bola Tinubu recently signed an executive order to introduce zero tariffs and Value Added Tax on specialised machinery, equipment and pharmaceutical raw materials to bolster local products and essential healthcare products in the country. The PSN President said since the pronouncement pharmacists had been having quarterly meetings with the Coordinating Minister of Health and Social Welfare, Prof.
Muhammad Pate, on how to tackle the challenges and chart the way forward. “We are hopeful that the presidential order on zero tariffs for pharmaceutical raw materials and medical devices will bring down the prices of medicine in the country. “As healthcare professionals, we are concerned about the best health care delivery through quality drugs and other clinical services in the country.
“Our plan is to bring down the prices of pharmaceuticals in the country, so we have b.