President Bola Tinubu is poised to sign executive orders aimed at curbing the high costs of pharmaceuticals in Nigeria, as announced by Minister of State for Health, Tunji Alausa, and conveyed through a post on X by Bayo Onanuga, the Special Adviser to the President on Information and Strategy.
This strategic move aims to alleviate the financial burden of essential medicines on Nigerians, addressing the pressing concern of soaring pharmaceutical prices in the country.
Minister Alausa emphasized that these executive orders will offer immediate relief to citizens, meeting the urgent demand for affordable healthcare products nationwide.
The decision to regulate pharmaceutical prices through executive orders was underscored by Minister of Health, Ali Pate, a month earlier. He stressed the necessity of such actions following the withdrawal of major multinational pharmaceutical companies from the Nigerian market, exacerbating the challenge of accessing reasonably priced medicines.
Alausa reiterated the government’s commitment to addressing the issue promptly, stating, “The president made a lot of campaign promises to revamp, improve, and put the healthcare system of Nigeria on a sustainable pathway. As we can see, Mr. President is meeting a significant chunk of his campaign promises, and he is going to meet all of his promises.”
He assured Nigerians that the current administration is actively working on both short-term and long-term solutions to mitigate the high costs of pharmaceuticals, ensuring sustainable access to essential healthcare products.
While urging patience from Nigerians, Alausa expressed confidence that the costs of pharmaceuticals would soon decrease under the government’s committed efforts.
