Nigeria Aims for 70% Local Drug Production by 2030

The federal government of Nigeria has set a target to produce at least 70% of essential healthcare products locally by 2030, emphasizing the need for pharmaceutical sovereignty. Dr. Iziaq Adekunle Salako, the Minister of State for Health and Social Welfare, announced this goal during the opening of the 8th Nigeria Pharma Manufacturers Expo in Lagos.

He highlighted the importance of reducing reliance on imported medicines, particularly in light of challenges faced during the COVID-19 pandemic and disruptions from U.S. foreign aid embargoes. Dr. Salako stated that the theme of the expo aligns with the Renewed Hope Agenda and the Health Sector Renewal Investment Initiative of President Bola Ahmed Tinubu.

He noted that the Presidential Initiative to Unlock Healthcare Value Chains (PVAC) has secured $2 billion in commitments at favorable interest rates for local manufacturers. Additionally, he mentioned that local pharmaceutical imports have significantly decreased, and the number of active local pharma companies has increased.

Dr. Salako urged manufacturers to utilize the African Continental Free Trade Area (AfCFTA) to expand their market reach across Africa.