The stage is almost set for the launching of Pharm. Ahmed I Yakasai’s book titled “Pharmaceutical Industry and Drug Production In Nigeria”, scheduled for 21 November, 2024, at the Sheraton Hotel, Ikeja, Lagos.
The book to be launched examines the problems, feasibility of domestic manufacturing of medicines and vaccines in Nigeria, summarising major constraints and enablers with some key recommendations for the government and stakeholders which will push Nigeria closer towards pharmaceutical self-sufficiency with at least 70% of our requirements produce locally.
Notably, Nigeria has a large domestic market for medicines and vaccines, with regional integration bringing greater opportunities for the growth of the pharmaceutical sector.
With a pharmaceutical manufacturing sector that has experienced steady growth, valued at about $607 million in 2017 and an optimistic case for growth as high as $3.6 billion by 2026, opportunities abound for significant expansion.
However, there are key challenges facing the Nigerian pharmaceutical sector which many have not been documented, including poor infrastructural base, technical skill gap, high cost of production, poor funding sources and a dysfunctional supply chain marred by corruption, which need to be addressed for the nation to take advantage of existing opportunities.
These are many more are the target of the book awaiting public presentation in November.
Great work Sir, we are Proud of you as our Dean