N100b in funding to Indigenous Pharmaceutical Manufacturers.
Photo by Nathaniel Yeo
TVC News Nigeria gives us a report on this breakthrough funding.
The FG has awarded N100 billion to indigenous pharmaceutical manufacturers and healthcare investors as loans to expand their capital base and boost local production of medicines and medical consumables. The loans are part of the government’s efforts to increase access to essential medicines and medical supplies, as well as to create jobs and support the growth of the local pharmaceutical industry. The government has also introduced a number of tax incentives and subsidies to encourage investment in the sector.
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