Salako Promotes Local Pharmaceutical Manufacturing Commitment
On September 28, 2026, Dr. Iziaq Adekunle Salako, the Minister of State for Health and Social Welfare, reaffirmed the Federal Government's commitment to strengthening local pharmaceutical manufacturing at the 8th Nigeria Pharma Manufacturers Expo held at Harbour Point Event Centre, Victoria Island, Lagos. Salako highlighted the disruptions caused by the COVID-19 pandemic and changes in global healthcare financing as critical reasons for Nigeria and Africa to enhance domestic capacity for producing medicines, vaccines, and diagnostics.
He stated that medicine security is vital for national resilience and sovereignty. Under President Bola Ahmed Tinubu's leadership, the government has introduced initiatives like the Presidential Initiative to Unlock the Healthcare Value Chain (PVAC), which has secured approximately US$2 billion in funding commitments.
The initiative aims for 70% local production of essential healthcare products by 2030. Additionally, 87 local manufacturers are benefiting from a Presidential Executive Order providing zero tariffs on pharmaceutical machinery and materials.
Plus234Feed summary based on reporting from Federal Ministry of Information. Read the original report below.
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