FG Loans Pharmaceutical Manufacturers N100 Billion

A total amount of N100 billion has been disbursed to indigenous pharmaceutical manufacturers and health care investors by the Federal Government billion as loans to expand their capital base and boost local production of medicines and medical consumables.

This was announced by President Muhammadu Buhari when he received the new Executive Members of the Nigerian Medical Association (NMA), in the Presidential Villa, Abuja on Tuesday.

According to him, the loan was extended through the Central Bank of Nigeria’s support to the private pharmaceutical sector.

He also revealed that the Health Sector Reform Committee chaired by Vice-President Yemi Osinbajo is currently exploring models for revitalising the nation’s healthcare system in ways that can improve the quality of care and the benefits package to care, providers,

The president also lauded the association, which is the umbrella body of all Medical Practitioners in Nigeria for its consistency on matters relating to the National health system.

‘‘I commend our medical professionals for their contribution to Nigeria’s exemplary management of the COVID-19 pandemic, the control of malaria, HIV and Tuberculosis, and other feats also achieved by Nigerian doctors in the diaspora.

‘‘Our response to the COVID-19 pandemic has been praised internationally and your members are key parts of this success.

‘‘I recall that in the last quarter of 2021, the immediate past NMA Executives visited me and presented recommendations for the health sector,” Buhari said.