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Pharmaceutical Manufacturers Received N100bn Loans From My Gov’t – Buhari

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President Muhammadu Buhari has revealed that his government provided over N100 billion to pharmaceutical manufacturers in Nigeria.

He said the money was given to enhance local production of medicines and medical consumables.

President Muhammadu Buhari confirmed this on Tuesday while addressing the new executive members of the Nigerian Medical Association (NMA).

The Nigerian leader said the fund was approved and extended through the Central Bank of Nigeria’s support to the private pharmaceutical sector.President Buhari KOKO TV.NG

He added that the Health Sector Reform Committee chaired by Vice-President Professor Yemi Osinbajo is currently exploring models for revitalizing the nation’s healthcare system that would improve the quality of care and the benefits package to care providers.

Buhari said he had also directed the Honourable Minister of Health to look into ways of turning “brain drain” to “brain gain” by engaging top Nigerian medical experts in the diaspora in knowledge and skills repatriation.

buhariHe urged the Association and other stakeholders in the health sector to support initiatives by the Federal Government and work with the Committees set up to chart a fast track to a health system that best meets the needs of Nigerians in the 21st Century.

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Buhari, while commending the association which is the umbrella body of all Medical Practitioners in Nigeria, for consistently choosing the peaceful resolution of differences on matters pertinent to the National health system, said he was proud to see that even international bodies have showered praises on Nigeria’s response to COVID-19 pandemic.

He said: “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.

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“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, which included, the review and amendment of NHIS Act; upgrading and equipping existing health institutions; loans to fund hospital equipment; the repeal and re-enactment of the Medical and Dental Practitioners Act; and Appeal for more funding for the four (4) newly established Universities of Medical Sciences.

“I am pleased to inform you that most of these recommendations have been addressed, whilst further action is being taken to study those involving cross-cutting administrative processes with legal implications.”

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Photo Credit: Getty

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