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Local pharmaceutical companies poised to boost medicine production – PMG-MAN

The Pharmaceutical Manufacturers Group of Manufacturers’ Association of Nigeria (PMG-MAN), says local pharmaceutical manufacturers are poised to leverage the lacuna created by the exit of foreign pharmaceutical companies to boost medicine production.
Mr Oluwatosin Jolayemi, Chairman, (PMG-MAN) and Managing Director of Daily-Need Industries Ltd, said this in an interview with The Tide source on Saturday in Lagos.
The Tide source reports that pharmaceutical companies including GlaxoSmithKline and Sanofi Nigeria Ltd, exited the country due to challenges with foreign exchange, ease of doing business, multiple taxation, importation bureaucracy, among others.
Jolayemi said that the industry was ready, noting that between six to 11 pharmaceutical factories were poised to produce products that GSK, Sanofi and other pharmaceutical companies had produced.
“Maybe there are some SKUs that we do not have capacity for. The ones that we have capacity for, which is the bulk of what they bring into the country, we are ready for.
“But the issue is that medicine is not just like sewing clothes or buying shoes. There is a process to manufacture medicine.
“But we are ready in the industry because we have between 6 and 11 factories that are poised to produce those products that GSK, Sanofi and others have. And because most of these products are generic, we are poised to produce them,” he said.
He emphasised that the government must have a policy statement and be deliberate to ensure local pharmaceutical companies fill the gaps and thrive through an enabling environment and business-friendly regulation.
“Either the government or NAFDAC has to be able to take advantage and let the local industry take advantage of the lacuna.
“And give priorities so that the prices of drugs, particularly these antibiotics could come down.
“But, as long as we are still holding on to the bottlenecks, the problem continues to linger, and the cost of medicines remains high,” he said.
On bottlenecks that should be addressed, Jolayemi cited issues with regulation and the process of registration.
“We are not asking for the standard to be dropped. We are just asking that we should work together in the interest of the populace and see how we can begin to make these products available.
“Because these products are generic. They are not rocket science. They are not new molecules. They are old molecules that have been in the market for 20, 30 years.
“So, this is something that we could always work around, but it is left to government and NAFDAC to decide,” he said.
Speaking on the rising cost of medicine, Jolayemi attributed it to fluctuating foreign exchange rate, indiscriminate custom tariff regime, high cost of electricity tariff and operating cost, among others.
He stressed that it was cheaper to produce locally, noting that active pharmaceutical ingredients (APIs) and excipients are mostly imported by manufacturers.
Jolayemi disclosed that a German company and another consortium are currently investing in API manufacturing.
“They are doing the formal analysis. And we hope that if those ones come on board, they cannot supply all the APIs that are required in the industry.
“But at least they will be able to take care of the usual regular ones that are common to use in the industry,” he said.
The Chairman urged the Federal Government to assist manufacturers with soft loans and grants to boost production as done by the governments of India and China.
“Government needs to encourage pharmaceutical companies because APIs and medicine are national issues.
“The government needs to see healthcare as a national policy and begin to take it like that because if you have hospitals, no matter how beautiful your hospitals are, if there are no medicines, the hospital just becomes a consulting unit,” he said.
Jolayemi emphasised that the government must prioritise healthcare, especially medicine production, availability and affordability for its citizens.
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Tinubu Orders Fresh Push To Crash Food Prices

President Bola Tinubu has ordered a Federal Executive Council committee to move swiftly on measures to further reduce food prices across the country.
The Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, disclosed this in Abuja, on Wednesday.
According to him, the directive focuses on ensuring safe passage of farm produce across transport routes to cut logistics costs.
“The President has given a matching order with a Federal Executive Council committee already handling it on how we are going to promote safe passage of agricultural foods and commodities across our various routes in the country,” Abdullahi said at a capacity-building workshop for Senate correspondents.
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Nigeria, Africa’s most populous nation, has faced worsening food insecurity since the removal of fuel subsidy, high transport costs, and insecurity on major highways disrupted the movement of goods.
Despite government interventions, food remains largely unaffordable for millions.
The minister said the plan is tied to Tinubu’s broader vision of food sovereignty—beyond availability to ensure affordability, accessibility, and nutrition on a sustainable basis.
To back this up, he revealed that government is set to roll out a Farmer Soil Health Scheme to boost productivity and a revamped cooperative reform initiative to mobilise resources and empower rural farmers.
“Mr. President has shown tremendous interest in the cooperative sector as a veritable tool for resource mobilisation, for economic activity generation, and to improve the livelihood of members,” Abdullahi added.
The event, with the theme, “Parliamentary Reporting: Issues, Challenges and Responsibilities,” also featured Senate Media Committee Chairman, Senator Yemi Adaramodu; ex-presidential aide, Senator Ita Solomon Enang; and NILDS DG, Prof. Abubakar Sulaiman.
News
Umahi Threatens Defaulting Contractors With EFCC Arrest

The Federal Government has warned contractors, including foreign firms, that any breach of regulations in road projects awarded to them may lead to arrest by the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission.
The Minister of Works, David Umahi, issued the warning during an inspection of the ongoing dualisation of the East-West Road (Section IIIA) from Eleme Junction to Onne Port Junction in Rivers State.
The section is being executed by Reynolds Construction Company (Nigeria) Limited.
Responding to questions from journalists, Umahi commended the quality of work on the project but expressed displeasure over the slow pace, stressing that the December completion deadline remains sacrosanct.
On the project, he said:“The quality of the work is excellent, but the pace of work is totally unacceptable. Let me make it very clear to the contractor that this project will neither be reviewed nor varied in price or claims.
“I’m sure we have issued over 10 warning letters to them. If they fail to comply with the completion deadline of December 15, we will not extend it.”
He added that the ministry had already put measures in place to enforce compliance
“The comptroller has negative certificates to issue, and I will recover the money from any of their other projects. All those letters are on record, and when the time comes, they will be invoked. Any contractor who refuses to abide by regulations will have the EFCC and ICPC to contend with,” he said.
Umahi further disclosed that the Federal Government had directed that road projects valued below N20bn would no longer be awarded to expatriate companies, in line with its “Nigeria First” policy aimed at strengthening indigenous capacity in the construction sector.
“This is part of the Nigeria First policy of the Federal Government. Henceforth, no expatriate firm will be awarded any project valued below N20bn. Such projects must go to indigenous companies, while expatriates focus on higher-value projects requiring more technical capacity,” he said.
The minister also noted that the Federal Ministry of Works had adopted a funding prioritisation framework to sustain road projects initially financed by the Nigerian National Petroleum Company Limited under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.
He stressed that President Bola Tinubu had directed that none of such projects should be abandoned, adding that priority would be given to critical economic corridors.
Umahi also decried the indiscriminate parking of heavy-duty vehicles on highways, saying it was damaging the pavements of completed sections of the road.
He said letters would be sent to state governors and the Inspector-General of Police to enforce punitive measures against defaulters.
Earlier, the Federal Controller of Works in Rivers State, Mrs Enwereama Tarilade, said RCC had completed 15km of the right carriageway and commenced work on the left carriageway, with one kilometre already laid in Continuously Reinforced Concrete Pavement.
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We’ll Support Federal University Environment And Technology – Ibas

The Rivers State Government says it will ensure the smooth and successful takeoff of the newly established Federal University of Environment and Technology (FUET), in Ogoniland.
This commitment was made yesterday by the Administrator of Rivers State, Retired Admiral Ibok-Ete Ibas (Rtd), during a courtesy visit by the university’s Governing Council and Management team at the Government House, in Port Harcourt.
The high-level delegation was led by the Pro-Chancellor and Chairman of the Council, Professor Don Baridam and the Vice-Chancellor, Professor Chinedu Mmom.
In his address, Administrator Ibas warmly congratulated the pioneer council and management on their appointments, describing their task as both a recognition of individual accomplishment and a historic call to duty.
“This is not just a recognition of your personal achievements but also a call to history to shape an institution that will have a profound impact on Rivers State, the Niger Delta, and indeed our country,” he stated.
The Administrator commended President Bola Ahmed Tinubu for the establishment of the specialized university in Ogoniland, describing the initiative as “timely and strategic.”
He emphasized that the university’s presence offers a critical opportunity to drive research, innovation, and community-focused solutions to the region’s pressing environmental and developmental challenges.
He further noted that the university’s core focus aligns perfectly with the priorities of his administration.“We consider this university not merely as another institution of higher learning but as a strategic partner in our collective effort to rebuild Rivers State under the ongoing state of emergency and beyond,” he affirmed.
Responding to specific requests presented by the delegation, Administrator Ibas assured the university of immediate support in critical areas essential for the its commencement.
These include the provision of operational vehicles, key facilities, and the completion of the access road to the campus, adding that other vital needs, such as perimeter fencing, refuse disposal, and the issuance of a Certificate of Occupancy, would be addressed within the framework of the state’s broader infrastructure and support programmes.
To ensure swift action, the Administrator directed the Secretary to the State Government (SSG) to work closely with the university’s Governing Council to prioritize the sequence of requests, particularly those tied to the commencement of academic activities in September 2025.
“Let me assure you that Rivers State Government will stand as a dependable partner to the Federal University of Environment and Technology. We see this university as part of our long-term investment in knowledge, innovation, and the future of our youths,” he emphasized.
In his remarks, the Pro-Chancellor and Chairman of the Governing Council, Professor Don Baridam, reaffirmed the university’s commitment to academic excellence, innovation, and community development.
He disclosed that the Federal Government has directed the institution to formally commence its academic session in September 2025, adding that preparations are in full swing to ensure a smooth take-off with adequate infrastructure and resources in place.
“Today’s meeting marks the beginning of a strategic partnership between the Rivers State Government and FUET, envisioned to establish the university as a premier hub for research, innovation, and sustainable development in the Niger Delta”, he said.
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