The National Agency for Food and Drug Administration and Control (NAFDAC) has advocated for tax relief for local manufacturing pharmaceutical companies to guarantee quality and affordable drugs for Nigerians.
The Director-General of NAFDAC, Professor Moji Adeyeye, made the call in Abuja on Monday where she explained that such relief would attract more investors into the pharmaceutical companies in the country.
“NAFDAC is currently working with the Ministry of Trade and Industry on the issue of tax relief for locally manufacturing pharmaceutical companies, and we are optimistic that they will oblige. About 80 per cent of materials currently used in the production of drugs are imported while only 20 per cent is sourced locally,” she said.
The director-general said the development was unacceptable and her agency would do everything possible to change the trend.
She pledged to reverse the situation whereby 80 per cent of what is needed for production of drugs is sourced within the country and only 20 per cent will be imported.
“In doing this, it will also help us in achieving ease of doing business, one of the policies of the present administration to boost investment,’’ she said.