Removal by FG ​​of customs duties, duties and VAT on pharmaceutical inputs

President Bolas Tinubu move has check THE unprecedented increase In prices of drugs In THE country through A executive order has introduce zero the rates, excise homework And Value Added Tax (VAT) on imported pharmaceutical contributions East commendable. That East THE immediate antidote has THE undesirable And dangerous situation In which Nigerians to have find themselves. Before THE Of the president intervention, a few stakeholders had begin warning against national health crisis be precipitate by THE hiking In THE prices of drugs, exhorting THE Federal Government has back has THE before 2015 time of zero duty on import of drugs. Indeed, life East become more and more unlivable In Nigeria, particularly with THE prices of drugs in general, And THE essential on the counter drugs In particular, that to have shot up by more that 200 by hundred. He East worrying that, as most foodstuffs And essential basic products In THE Nigerian walk, THE prices of most drugs And other essential pharmaceutical some products, including those For hypertension And diabetes, to have disappeared out of reach of THE poor.  Apart Since THE do that THE essential drugs to have become very Dear, they are Also not available In most pharmacies And chemists. A walk investigation led by a few pharmaceutical organizations recently watch rarity And astronomical increase In prices of commonly used drugs such as Amlodipine, Meropenam injection, Omeprazole, Tetanus serum (ATS), And Vitamin B complex injection. THE prices of hypertension And diabetes drugs to have increase SO a lot that most the patients are Stop their medicine. A few the patients on insulin And glibenclamide, WHO had has been expenses N14, 000 on THE last 16 years has recharge their medicine, are NOW expenses 29,800 naira, which East twice THE old price has TO DO THE even thing.

In the same way, THE prices of a few antimalarial drugs to have increase by 11 by hundred has around 23 by hundred between November 2023 And April 2024. In November last year, A 120mg Artesunate injection was sold For 2,500 naira, while THE 60mg injection was sold For N1, 800. THE price of Coartem 80/480 mg, which used has be around 3,300 naira, has disappeared up has N4, 000. Amatem Soft Freeze was sold For 2,500 naira but East NOW be sold For 3,000 naira – A 20 by hundred increase. Lonart 80/480 mg sold For 2,850 naira In THE pass but NOW sell For 3,500 naira, representative 22 by hundred increase. THE to skyrocket prices can be assigned has A combination of factors, including THE autumn In THE value of THE Naira, unstable stranger exchange rates, addiction on imported active pharmaceutical ingredients, And THE 20 by hundred duty on medicine import. Because THE Naira has weakened very a lot against THE Dollar, THE expenses incurred In obtain these essential medical supplies to have resurrected, therefore conduct up THE generally prices of drugs In Nigeria. THE the tragedy East that Nigeria pharmaceutical businesses, WHO rely on strongly on imported materials For manufacturing drugs, are produce has exorbitant costs. This creates A ripple effect, force manufacturers has increase THE prices of drugs has blanket their upper operational costs. Following THE announcement of THE exit of GlaxoSmithKline (GSK) Since THE Nigerian pharmaceutical walk, there has has been A notable overvoltage In THE prices of drugs product by THE business. This has directed has A unprecedented increase In medicine prices In THE Nigerian pharmaceutical industry. Health East wealth. Common sense taught We that inability has to access essential drugs In A country will lead has a lot premature death. Moreover, When medicine shortage regularly occurs, pharmaceutical And medicine stores are flooded with adulterated drugs And medical doctors can seaside resort has suboptimal treatments that are less effective And increase THE risk of antimicrobial resistance. Researchers warned that shortage of essential drugs, such as antifungal some products, can lead has sporadic epidemic epidemics. THE suddenly to forbid on essential drugs can to have A widespread negative impact on health care delivery. HAS address THE high cost of drugs In Nigeria, a few stakeholders informed that THE 20 by hundred duty imposed on drugs should be deleted. Experts specifically exhorted THE government has elevator THE to forbid on import of essential drugs And pharmaceutical some products such as antibiotics For struggle bacterial infections (levofloxacin tablets, ofloxacin tablets, tetracycline HCL capsules, doxycycline HCI capsules, penicillins, amoxicillin, And sampicillin + cloxacillin capsules, erythromycin tablets, chloramphenicol, And ciprofloxacin infusions); antifungals For mycotic infections For example. athletes foot  (clotrimazole tablets, fluconazole capsules); anti-hypertensives/anti-angina drugs (amiloride HCL 5mg + 50 mg, amlodipine tablets, methyldopa 250 tablets, lisinopril tablets); anti-ulcer agents For treatment of ulcer In GERD (omeprazole, esomeprazole tablets, cimetidine tablets 200 mg, misoprostol tablets); painkillers/anti-inflammatories And ant...