In a significant development aimed at addressing the escalating costs of pharmaceuticals in Nigeria, the federal government is poised to issue an executive order. Coordinating Minister of Health, Ali Pate, revealed this crucial decision following the Federal Executive Council (FEC) meeting, presided over by President Bola Tinubu.
The executive order is designed to regulate pharmaceutical prices, making essential medicines more affordable for citizens. Pate highlighted the challenges posed by rising drug costs, leading to a situation where life-saving commodities become inaccessible to many Nigerians.
The order also seeks to empower local drug manufacturers, particularly in the wake of the exit of major multinational pharmaceutical companies from the Nigerian market.
This strategic move aligns with President Tinubu's Renewed Hope Agenda, emphasizing healthcare access as a top priority. Stay tuned for further details on the executive order and its potential impact on healthcare accessibility in Nigeria.
