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Nigerian pharmacists are searching for disruptive innovations that can deal with the industry’s challenges, saying strategic re-positioning of the industry will make way for more innovations, increase capacity building initiatives and maximise production of competitive products for international markets.
However, with respect to the pharmaceutical industry in Nigeria, adequate health care delivery still remains a major setback.
Describing the challenges of the Nigerian Pharma Industry, Chimezie Anyakora, head of party, United States Pharmacopeia (USP) in Nigeria said that lack of vision and strategy have undermined the development of Africa’s most populous nation’s pharmaceutical sector. Other limiting factors include limited access to finance, inappropriate incentives and shortage of the requisite workforce.
“Nigeria needs to develop strategic plan and funding to advance pharmaceutical access and package of incentives to spur local manufacturing and also make significant investment in industry workforce development,” he said during the 22nd Annual National Conference of the Association of Industrial Pharmacists of Nigeria, (NAIP).
According to Ignatius Anukwu, national chairman NAIP, the conference is organised to discuss and come up with a work-plan that will enable the industry begin a strategic re-positioning in order to develop and produce more innovative and competitive products.
“If this is achieved, the pharmaceutical industry will be able to contribute more to the Gross Domestic Products (GDP) of Nigeria and provide more medicines for local consumption while adding more value to her clientele,” he said.
Also speaking at the opening remarks Mazi Ohuabunwa, president, Pharmaceutical Society of Nigeria (PSN) said that it was high time pragmatic steps were taken to transform the industry, noting that the PSN is ready to work with NAIP and other stakeholders to change the narrative of the pharmaceutical industry.
“Players in the pharmaceutical industry must know that there is no alternative to innovation … Read More...