FG releases N100 billion loans to pharmaceutical manufacturers and healthcare investors


President Muhammadu Buhari said the federal government has provided N100 billion to local pharmaceutical manufacturers and health sector investors in loans to expand their capital and boost local production of medicines and medical consumables.

He said this Tuesday in Abuja while receiving the new executive members of the Nigerian Medical Association (NMA).

He said the loan was made possible through support from the Central Bank of Nigeria to the private pharmaceutical sector.

Speaking on the brain drain in the health sector, Buhari said he had requested the Minister of Health to look into ways to turn “brain drain” into “brain gain” by engaging the best Nigerian medical experts in the Diaspora in repatriating knowledge and skills.

He congratulated a former chairman of the body, Osahon Enabulele, president-elect of the World Medical Association, the first Nigerian to hold the post, expressing hope that Enabulele would use his position to support improved service delivery. health care in Nigeria and low-income countries. .

NMA Chairman Uche Rowland Ojinmah called on Buhari to ensure full and proper implementation of the National Health Insurance Authority Act, provision of “adequate work equipment, a conducive working environment and the necessary budgetary support as well as the extension of the retirement age for medical consultants to 70 years and 65 years for non-consultant doctors and other health personnel.


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