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The Coordinating Minister of Health and Social Welfare, Prof. Ali Pate, has acknowledged the global issue of rising pharmaceutical costs.

He reaffirmed the government’s commitment to addressing the crisis through the Presidential Initiative to Unlock the Pharmaceutical Value Chain.

Pate identified forex devaluation and healthcare financing challenges as underlying factors contributing to the crisis, impacting affordability and access to essential medical care.

In response, the National Agency for Food and Drug Administration and Control (NAFDAC) and the Ministry of Health have announced collaborative efforts to alleviate the financial burden on citizens.

NAFDAC’s Director General, Prof. Mojisola Adeyeye, highlighted the agency’s partnership with the pharmaceutical industry to reduce drug prices and revitalize the local pharmaceutical sector.

Initiatives such as the 5 plus 5 regulatory scheme and the NAFDAC Ceiling 34 policy aim to encourage local manufacturing and restrict importation, resulting in more accessible and affordable drugs.

Efforts are also underway to produce active pharmaceutical ingredients (APIs) domestically and strengthen regulatory frameworks and intellectual capacities.

Adeyeye assured continuous regulatory vigilance and the adoption of traceability technology to monitor the supply chain effectively, addressing concerns of substandard and falsified medicines due to high prices.

Both Adeyeye and Pate assured Nigerians of concerted efforts to mitigate the challenges posed by high medicine costs, emphasizing the government’s commitment to industrialization and sustainable solutions for the nation’s healthcare system.



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