PMG-MAN Urges FG to Lower Energy Costs for Pharma Growth

The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) has called on the federal government to create a competitive and investment-friendly environment for the pharmaceutical sector. Mr. Oluwatosin Jolayemi, Chairman of PMG-MAN and Managing Director/CEO of Daily-Need Industries Limited, made this appeal during a media briefing in Lagos ahead of the 8th Nigeria Pharma Manufacturers’ Expo (NPME 2026), scheduled for September 28 and 29 at Harbour Point, Victoria Island.

He emphasized the need for policies that support local drug production and medicine security. Dr. Patrick Ajah, representing Mr. Jolayemi, reiterated the industry's goal of achieving 70 percent local drug production.

Pharm. Frank Muonemeh, Executive Secretary and CEO of PMG-MAN, highlighted the significant reduction in imported pharmaceuticals and noted that high energy costs pose a major threat to local manufacturers.

He urged President Bola Ahmed Tinubu to extend the Presidential Executive Order supporting the pharmaceutical sector from two years to five years to attract investment and stabilize local production.