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🇳🇬 Nigeria /Economy & Trade

5+5 policy cuts drug imports by 70%, boosts local production — NAFDAC

From Vanguard · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Outcome reported
  • Nigeria’s NAFDAC says its 5+5 policy and Ceiling List initiative cut imports of affected medicines by 70 percent.
  • The agency says the measures also increased the share of locally manufactured pharmaceutical products from 30 percent.

Nigeria’s pharmaceutical industry is shifting toward local production after the National Agency for Food and Drug Administration and Control introduced its 5+5 policy and Ceiling List initiative.

NAFDAC said on Sunday that imports of affected medicines had fallen by 70 percent. It also reported an increase in the share of locally manufactured pharmaceutical products from 30 percent.

About this summary

Originally published by Vanguard. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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