FG grants drug manufacturers N24bn tax waivers to boost local production
Nigeria, Nov. 11 -- The Nigerian government said it has granted N24 billion in tax waivers to pharmaceutical manufacturers between 2025 and 2026 as part of efforts to increase local production of medicines and reduce dependence on imported healthcare products.
The Coordinating Minister of Health and Social Welfare, Muhammad Pate, disclosed this on Tuesday at the 2026 Nigeria Health Sector Joint Annual Review (JAR) in Abuja.
Mr Pate said the incentives were introduced under the presidential executive order signed in 2024 to support domestic manufacturing of medicines, medical equipment and other essential healthcare products.
He also disclosed that the government had secured 12 technology-transfer agreements and was pursuing prospective...
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