Indigenous pharmaceutical development company, MegaMedx, a pharma healthcare distribution and supply-chain platform in Nigeria, has announced a wealth creation and financing platform for community pharmacists in Nigeria. Named Community Pharmacists Buying Network, the platform is targeting 40 community pharmacists in its flag-off of the Mega Wallet Credit Scheme which took place Monday, 2 November at the Pharmaceutical Society of Nigeria, PSN, Secretariat, Ogudu G.R.A, Lagos State.
Delivering the keynote address at the event, the Lagos State PSN Chairman, Pharm. Gbolagade Iyiola, encouraged community pharmacists in Nigeria to leverage on such platforms to expand their businesses. According to him, having many pharmaceutical stores should be one of the core objectives of community pharmacists whose service to humanity is unrivalled. He also thanked MegaMedx for collaborating with the Lagos State Chapter of the PSN in organising webinars and facilitating certifications in collaboration with the University of South Florida, U.S.A.
Managing Director of the company, Pharm. Adekola Wojuola said part of the reason for creating the platform is the need to encourage indigenous pharmaceutical companies to rise to the challenge of standardising drug distribution in Nigeria, adding that foreign dominance in this regard does not augur well for the pharmaceutical space in the country.
On his part, MegaMedx CEO, Pharm. Chigozie Oguine, said the financial support for the project is coming from State Side Microfinance Bank, a U.S-based financial institution owned by a pharmacist. According to him, each of the forty pharmacists who would benefit from the flag-off of the project would receive a credit wallet of one million naira to enable them make purchases of pharmaceutical products of their choice. Oguine added that the amount could increase in due course, depending on the credibility and repayment performance of the receivers.
National Chairman, Association of Community Pharmacists of Nigeria, ACPN, Pharm. Samuel Adekola, lauded MegaMedx for their effort and reiterated his association’s support for such an initiative, which he termed an avenue for the rapid development of the pharmaceutical sector in Nigeria, adding that he is in total support of the initiative because it aligns with ACPN’s vision for the pharmaceutical industry in Nigeria. He also praised the spirit of collaboration between State Side Microfinance Bank and MegaMedx as he called for more of such in the industry.