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News - December 18, 2023

Call for urgent intervention as drug prices soar


An urgent appeal has been made to President Bola Ahmed Tinubu to urgently intervene in the hike in prices of essential drugs in the country.

Chieftain of the All Progressive Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye, made the appeal in a statement.

Oyintiloye, said that many Nigerians were currently unable to access most essential drugs due to the extremely high prices.

He said that the escalating prices of the drugs could be attributed to a combination of factors, such as the withdrawal of GSK, a major player in the pharmaceutical industry, the high rate of inflation in devaluation of naira, among others.

To this end, he pointed that this reason among other factors had made prices of drugs such as amlodipine, Augmentin, paracetamol, exforge, Coartem, and other essential drugs to become unaffordable for the common man.

Oyintiloye, a former lawmaker, said that the surge in the prices of drugs had placed a significant financial strain on individuals and families already struggling with the harsh economy.

Oyintiloye appealed to government to drive investments in the health sector, address Forex problem, remove the duty tax on medication, encourage local production and also allow more enabling environment for the pharmaceutical company.

Source: Thisday Newspaper

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