FG Urged to Cut Energy Costs for Local Drug Production

The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) has called on the Federal Government to implement dedicated industrial power tariffs and enhance policies regarding Active Pharmaceutical Ingredients (APIs) to improve local drug production competitiveness. This appeal was made during a media briefing in Lagos in preparation for the 8th Nigeria Pharma Manufacturers’ Expo (NPME 2026), set for September 28 and 29 at Harbour Point, Victoria Island, Lagos.

Mr Oluwatosin Jolayemi, Chairman of PMG-MAN and Managing Director/CEO of Daily-Need Industries Limited, was represented by Dr Patrick Ajah, Chairman of the Exhibition Planning Committee and Managing Director/CEO of May & Baker Nigeria Plc. Ajah reiterated the industry’s goal of achieving 70 percent local drug production, emphasizing the sector's growth from 20 pioneer members in 1983 to over 200 manufacturing companies today.

The expo, themed “Regional Manufacturing: Advancing Africa’s Pharma and Life Science Sovereignty through Localisation,” aims to gather stakeholders to discuss local pharmaceutical production essentials.