Connect with us

Pharma companies warn of impending scarcity of drugs

scarcity of drugs

News

Pharma companies warn of impending scarcity of drugs

Going by the current scarcity of foreign exchange in the country, pharmaceutical industries have alerted the public about the impending scarcity of essential medicines needed to tackle high disease burden.

The Chairman of the Pharmaceutical Manufacturing Group of the Manufacturers Association of Nigeria, PMGMAN, Mr Okey Akpa and the President of the Pharmaceutical Society of Nigeria, PSN, Dr. Ahmed Yakasai, raised the alarm following current challenges of local drug producing companies and medicine importers to access needed foreign exchange.

SEE ALSO:  Prosecution witness narrates how Dokpesi received N2.1bn from Dasuki

Akpa, who dropped this hint on Monday , said local pharmaceutical manufacturers were producing below 30 per cent capacity utilisation, lamenting that it would result in the scarcity of essential medicines.

He however urged the Federal Government to stick to the policy of allocating 60 per cent foreign exchange to manufacturers, including local pharmaceutical industries.

On his part, Yakasai lamented that the low capacity utilisation in the pharmaceutical industries has led many to suspended production. “There are no raw materials to produce. Many are paying salary without any activity. Hence, they have to scale down their activities.

SEE ALSO:  Photo : Senior legislative aide, Abubakar Sani Doki collapses and dies in National assembly

“Some have shut down”Akpa lamented that presently, pharmaceutical manufacturers were producing specifically below 30 per cent capacity utilisation.

“That is not healthy at all,” he lamented, adding, “Obviously, there is definitely going to be scarcity of medicines.”

Continue Reading
You may also like...
Efemena Sowho

Efemena Sowho is a skilled digital marketer, writer and IT expert. She is also an amateur graphics designer.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in News

To Top