President Bola Tinubu has signed an executive order to introduce zero tariffs, excise duties and value added tax (VAT) on imported pharmaceutical inputs.
In a statement released on Friday, June 28, the Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, said the order is aimed at revitalizing the Nigerian health sector and increasing production of healthcare products.
“In a transformative move to revitalize the Nigerian health sector, His Excellency President Bola Ahmed Tinubu, GCFR , has signed an Executive Order aiming to increase local production of healthcare products (pharmaceuticals, diagnostics, devices such as needles and syringes, biologicals, medical textile, etc.).
The Minister of Justice and Attorney General of the Federation @FedMinOfJustice, Prince Lateef Olasunkanmi Fagbemi SAN, , is to now take the next steps towards codifying the new Order.”
The Minister said the order is crucial to the success of the initiative for unlocking the health care…
Source: Linda Ikeji
